@techreport{20.500.12134/5675, author = {González-Gómez, Andrés}, author = {Hamann-Salcedo, Franz Alonso}, year = {2011}, month = {5}, url = {https://repositorio.banrep.gov.co/handle/20.500.12134/5675}, abstract = {This paper measures inflation persistence in Colombia for the period 1990-2010 and estimates the implied speed at which agents learn about the central bank's inflation target. We estimate Erceg and Levin's (2003) imperfect credibility model using Bayesian}, publisher = {Banco de la República}, booktitle = {Borradores de Economía}, volume = {Borradores de Economía; No. 658}, title = {Lack of credibility, inflation persistence and disinflation in Colombia}, keywords = {Credibility}, keywords = {Inflation}, keywords = {Persistence}, keywords = {Disinflation costs}, keywords = {Colombia}, doi = {https://doi.org/10.32468/be.658}, }