Servicios
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To ensure an adequate liquidity supply to the economy, Banco de la República (the Central Bank of Colombia) extended in August the maturities at which financial institutions may conduct repo operations backed by public debt securities. The Bank will conduct auctions for 180-day repos, with a…
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To ensure an adequate liquidity supply to the economy, Banco de la República (the Central Bank of Colombia) will continue its offering of repos with maturities of 180 and 90 days throughout September.
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This paper examines the non-reversal of fortune thesis proposed by Acemoglu, Johnson, and Robinson (2002) in the light of the Colombian experience over the last 500 years. Using a total of 14 national population censuses and the record of tributary Indians in 1559, it is found that the population…
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The "nonfinancial public sector" includes the central national government, social security institutions, the electric sector, national public establishments, regional and local public sector, municipal and state companies, among others. The data contains information on income, expenses, interest,…
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We estimate a non-parametrical Capital Asset Pricing Model (CAPM) and find strong evidence rejecting the classical linear CAPM. Furthermore, we find inconsistent linear betas for a series of stocks in the Colombian stock exchange (BVC), supporting the hypothesis of a better and consistent fitting…
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The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors
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Presentation by the Governor of the Banco de la República of Colombia, José Darío Uribe at the XCV Meeting of Governors of Central Banks of CEMLA for the Session: “Normalization of Monetary Policy in Industrialized Economies and the Possible Effects on Latin America and the Caribbean”
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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"
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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"
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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"
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Abstract
Economic policy decision-making requires constantly assessing the state of economic activity. However, this is not an easy task: offcial figures have significant lags, and the timely information is usually partial and has different frequencies.
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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Using Add Health, a very comprehensive longitudinal data set of teenagers and young adults in the United States, we estimate a structural dynamic model of the determinants of obesity. In addition to including many of the well-recognized endogenous factors mentioned in the literature as obesity…
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Obesity and Health-Related Decisions: an Empirical Model of Weight Status for Young Adults in the USObesity is widely accepted as one of the main causes of premature death, and the causal relationship between obesity and several of the most deadly chronic diseases is a consensus in the medical and public health literature. Obesity in the United States has recently been recognized as a public…
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Monetary policy strategies have been implemented within a flexible exchange rate scheme that is governed by intervention rules with the following objectives:
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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"
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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"
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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"
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ABSTRACT
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Professional and specialized studies
Master's Degree in Development Economics. Diplôme d'Etudes Approfondies (DEA) Paris, 1982-1984. Université Paris 1 – Panthéon-Sorbonne.
Specialist in Economic Policy and Regulation. Diplôme d'Etudes Supérieurs Spécialisées D.E.S.S., Paris, 1989-1990.…
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We propose to assess the performance of k forecast procedures by exploring the distributions of forecast errors and error losses. We argue that non systematic forecast errors minimize when their distributions are symmetric and unimodal, and that forecast accuracy should be assessed through…
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