Recent research

Borradores de Economia Monday, 11 May 2026

Complementary Evidence on Colombia’s Business Cycle: A Perspective from the Growth Cycle Approach

Diego Vásquez-Escobar;

Since the late 1970s, the Colombian economy has experienced nine slowdown episodes. Three coincided with classical GDP recessions. Five of the…

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Borradores de Economia Thursday, 7 May 2026

Trade in services in Colombia, 1994-2024: A descriptive analysis

Sandra Isabel Salamanca-Gil; Enrique Montes-Uribe…

https://doi.org/10.32468/be.1351

Despite the growth of modern services, Colombia’s foreign trade remains concentrated in traditional services. This poses challenges for diversifying…

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Borradores de Economia Wednesday, 1 April 2026

Uncertainty and the Power of Monetary Policy in Colombia

Daniel Esteban Osorio-Rodríguez;

https://doi.org/10.32468/be.1350

Banco de la República has a highly effective instrument in the policy rate to achieve its objectives. However, uncertainty reduces that effectiveness…

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Documentos de Trabajo sobre Economía Regional y Urbana Monday, 4 May 2026

Impact of Closures on the Bogotá–Villavicencio Road on Food Prices in Colombia

Jhorland Ayala-García; Yesica Tatiana Lara-Silva…

https://doi.org/10.32468/dtseru.343

In Bogotá and the Eastern region, road closures lead to price increases close to 2%, reflecting a high degree of functional dependence on this…

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Borradores de Economia Wednesday, 8 April 2026

Macroeconomic and fiscal impact of demographic change

Jesús Alonso Botero-García; Ligia Alba Melo-…

https://doi.org/10.32468/be.1349

Population ageing constitutes a structural challenge that requires a coherent, comprehensive, and timely response. Incorporating demographic…

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Borradores de Economia Friday, 13 March 2026

Approach to Estimating Confidence Intervals for a Business Cycle

Wilmer Martinez-Rivera; Manuel Darío Hernández-…

https://doi.org/10.32468/be.1348

Through two empirical applications using economic data from the United States and Colombia, we illustrate the effectiveness of our methodology,…

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Banco de la República conducts economic research on macroeconomics, central banking, and empirical economics issues that support the policy decisions of its Board of Directors and contribute to the understanding of the Colombian economy. The results of the investigations are disclosed through the Bank's own publications and publications in internationally recognized academic journals.