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Online Presentation delivered at the webinar held by the National Bank of Ukraine and the Euro Area Business Cycle Network (EABCN): Session 1. Effectiveness of Inflation Targeting with Limited Monetary Policy Transmission.
Presentation delivered at the Luis Angel Arango Library in Bogotá on 12 August 2019, transmitted on the Institutional Channel (channel 9 on national television). During the event, the Governor pointed out the most important sections of the Inflation Report.
Presentatión (Only Available in Spanish)
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"
Presented at the main building of Banco de la República (Central Bank of Colombia). Video of the Financial Stability Report for the first semester of 2019 This was the presentation of the #FinancialStabilityReport for the first half of 2019 by the Governor of the Central Bank, #JuanJoseEchavarria,…
As delegated by the Board of Directors of  Banco de la República, the Monetary and Exchange Intervention Committee  decided today, in its ordinary session, that  Banco de la República will rollover its U.S. dollar non-delivery forward contracts in January 2021, through auctions held…
The Board of Directors of Banco de la República in its meeting of today, appointed Mr. Juan José Echavarría Soto as new Governor of the Central Bank of Colombia. Mr. Echavarría will replace Mr. José Darío Uribe Escobar for the four-year period starting on January 4, 2017.  
Banco de la República de Colombia informs that:The upcoming auction of the program of accumulation of international reserves through PUT options will take place on 28 December 2018, in the amount of USD 400 million.  The options will be in force between 2 January and 1 February 2019.
The Board of Directors of Banco de la República strengthens its program for the accumulation of international reserves through the direct purchase of USD 1,000 million to the National GovernmentContinuing with the program for the accumulation of reserves through PUT options, Banco de la República…
The Board of Directors of Banco de la República decided in its meeting today to suspend the program of accumulation of international reserves started in September 2018 in order to assess the impact of this program on the behavior of the foreign exchange market given the current environment.
At its meeting today, the Board of Directors of the Central Bank decided to continue with its program for the accumulation of international reserves.The upcoming auction of the program for the accumulation of international reserves through PUT  options will be held on 30 April 2019, in the…
Presentation (Only Available in Spanish) Inflation Report
Price Behavior in an Inflationary Environment: Evidence from Supermarket Data   Price Behavior in an Inflationary Environment: Evidence from Supermarket Data
Abstract Price dispersion is a prevalent feature even of markets where, arguably, homogeneous good are traded. At the heart of the causes of price dispersion lie the firms’ strategic interactions with their customers and rivals. Consumers’ eagerness and ability to search for lower prices tends to…
Abstract This document offers an exercise that quantifies on the Colombia CPI the maximum possible impact in accounting terms of some price reliefs decreed by the national government. This impact would not necessarily coincide with the official CPI figures, due to the presence of multiple…
A price-setting mechanism based on a markup over variable costs is studied for the quite different inflationary experiences of Argentina and Colombia. The paper pursues a twofold strategy: first, it test the null hypothesis of a constant markup against the alternative of a variable one; second, it…
This paper can be divided into two main parts. The first one, using a simple example by Minford (2004) and Hatcher (2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation Targeting (IT) and Price-Level Targeting (PLT).
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. 
A minimum performance insurance in the Principal-Agent problem is wealth reducing to the principal. This result points to further inefficiencies in mandatory individual Pension Funds' contracts, particularly the one established in the 1993's 100th Law in Colombia.