Update
05/02/2026
Recent research
Borradores de Economia
Monetary Policy and the Current Account in Latin America: Revisiting the Mundellian Paradigm
Juan Camilo Laborde-Vera;
An unexpected increase in the monetary policy rate generates a “Jcurve” pattern in the trade balance: in the short run, exports fall more than…
Borradores de Economia
Macroeconomic Effects of Reducing the Gender Pay Gap in an Emerging Economy
Oscar Iván Ávila-Montealegre; Juan José Ospina-…
Reducing the discrimination-based pay gap by 50% is associated with a potential 8% increase in Colombia's GDP in the long run. These results…
Borradores de Economia
Wage dynamics, Unemployment, and Inflation: Enhancing 4GM Semi-Structural Model
Mario Andrés Ramos-Veloza; Sara Naranjo-…
The 4GM update explicitly integrates the unemployment rate and wages as core variables in the analysis of inflation and monetary policy in…
Borradores de Economia
Sentiment and Uncertainty Indices from economic news in Colombia
Rocío Clara Alexandra Mora-Quiñones; Antonio José…
Economic news contains qualitative and forward-looking information that traditional data cannot capture. The sentiment and uncertainty indices…
Borradores de Economia
Mobile Wallets and other payment services: regional gaps and their adoption in Colombia
Constanza Martínez-Ventura; Ligia Alba Melo-…
The results show considerable heterogeneity in the adoption and use of payment methods and reveal that mobile wallets broaden the range of…
Borradores de Economia
Payroll Subsidies for SMEs in Informal Labor Markets
Leonardo Fabio Morales; Leonardo Bonilla-Mejía;…
The results show a significant increase in formal employment among eligible firms, ranging from 11 to 18 percentage points compared to non-…
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.
Upcoming Seminars
Apreciados Usuario: Actualmente no hay seminarios programados. Los invitamos a revisar la agenda nuevamente a partir del 15 de Enero de 2026.
Participation in indexed journals
Wilmar Alexander Cabrera Rodríguez; Santiago Gamba-…, (2025)
Freddy A. Pinzón-Puerto; Mauricio Villamizar-Villegas…, (2025)
Valentina Cepeda; Bibiana Taboada-Arango, Mauricio…, (2025)
Production and impact indicators
Indexed Publications