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Abstract
Colombia saw a drop in investment as a result of the COVID-19 shock, which resulted in a negative gap in the second quarter of 2020 of -2.8% of the GDP. In the context of the region, Peru was hardest hit, while countries such as Mexico, Chile, and Brazil suffered minor setbacks. The…
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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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Irma Raquel Bermúdez Davis was appointed by Banco de la República as Acting Manager for the San Andrés Cultural Center for a one-year period, while Wilder Guerra Curvelo acts as Governor for the Department of La Guajira.
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Abstract
This paper assesses whether the Covid-19 pandemic accelerated automation in developing countries. We studied the case of Colombia, a country with low R&D and productivity and with high labor informality and unemployment. We estimated event-study models to assess the differential…
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Abstract
The development of methodologies that enable the diagnosis of the current state and trend of economic activity is particularly important to improve the decision-making process in economic policy. This paper proposes a new weekly indicator of economic activity for Colombia, covering the…
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Since: 1999 | Periodicity: Quarterly
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Using the Colombian Annual Manufacturing Survey (EAM) between 2000 and 2013, this paper investigates the existence of heterogeneity in the labor demand within the industrial sector. Long run own-price, output and TFP elasticities vary across a variety of dimensions such as regions, sectors and…
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President Ivan Duque Marquez has appointed Jaime Jaramillo Vallejo, an experienced economist, as a new member of the Board of Directors of Banco de la República in place of Arturo Galindo. The Board of Directors extends its welcome.
Dr. Jaramillo has a Ph.D. in Economics from Boston University and…
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EDUCATION1979 to 1983 PH.D. in Economics, BOSTON UNIVERSITY, Boston Areas: Money and Banking, Econometrics and International Economics1979 to 1982 M.A. in Political Economy, BOSTON UNIVERSITY, Boston1968 to 1973 …
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See additional information in "Banco de la República transforms its Communication Scheme for Monetary Policy Decisions"
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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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After being stagnant for the first half of the year, employment grew again in July and August. This upturn in employment has been particularly marked in the intermediate municipalities and rural areas. Going by segments of national employment, non-wage employment—which had slowed down in the second…
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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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Employment continued to recover in the second half of 2020, after dropping sharply during the first six months of the year. However, the labor market, in general, is still extremely slack as a result of the Covid-19 health crisis, and there are major disparities between population groups and…
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Based on the counting of Help-wanted advertisements in print newspapers, we present national vacancy indexes and vacancy rates for Colombia. These series will allow tackling a myriad of questions related to the functioning of the labor markets in emerging economies, where such datasets were not…
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Historically, when an economy emerges from recession, employment grows with, or soon after, the resumption of GDP growth. However, following the two most recent recessions in the United States, employment growth has lagged the recovery in GDP by several quarters, a phenomenon thathas been termed…
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José Antonio Ocampo, co-director of Banco de la República, was appointed as one of the seven senior advisors of The Global Deal, an initiative of the Swedish Government and the International Labour Organization (ILO) that promotes social dialogue to achieve quality jobs and advances in global…
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The Editorial Board of The Banker, a British magazine belonging to the The Financial Times Group, named José Dario Uribe as the American continent’s “Central Banker of the Year”. An annual event, this designation was made public in the January issue of The Banker, which began circulating…
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Since: 2014
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