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Looking ahead, monitoring financial stability, macroeconomic (dis)equilibria, and the space for active economic policy—with inflation close to the target and sustainable public finances—are necessary conditions to successfully face future adverse shocks. 
We set a dynamic stochastic model for the interbank daily market for funds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneous commercial banks, daily open market operations held by the Central Bank (auctions and window…
Since: 2014
EducationPh.D. in Economics, University of Chicago, Chicago IL, 2010 - 2017Specialization fields: Finance- Asset Pricing, Applied Macroeconomics, University of Chicago, Chicago IL, 2010 - 2017M.A. in Economics, University of Chicago, Chicago IL, 2011 – 2014Master’s in Business Administration-MBA,…
Juan Sebastián is Chief Officer for Risk Management since April 2023 and is responsible for managing the Bank’s cross-cutting financial and non-financial risks. He joined the institution in 2002 and has since served as Head and Director of Markets Development at the Operations and Financial Markets…
IntroductionIn an environment of greater restrictions to world trade and deterioration of global confidence, economic growth for the first quarter of the year in a number of emerging economies including Colombia was lower than expected, and the forecasts for 2019 decreased.In the first three months…
Vis-a-vis the beginning of the pandemic some months ago, the real and financial dimensions of the macroeconomic outlook have been better outlined, although uncertainty remains very high and several of its sources are still present. On the one hand, the duration of the effects of the pandemic and of…
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"