dc.creator	Arango-Thomas, Luis Eduardo
dc.creator	Chavarro-Sanchez, Ximena
dc.creator	González-Molano, Eliana Rocío
dc.date.created	2014-12-22
dc.date.issued	2014-12-22
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/6146
dc.description.abstract	A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflation behavior, is used to model inflation within an inflation targeting framework. This set up is used to estimate the relationship between commodity prices
dc.format.mimetype	PDF
dc.language.iso	spa
dc.publisher	Banco de la República
dc.relation.ispartof	Documentos de Trabajo
dc.relation.ispartofseries	Borradores de Economía
dc.relation.isversionof	Borradores de Economía; No. 858
dc.rights.accessRights	Open Access
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.title	Commodity price shocks and inflation within an optimal monetary policy framework : the case of Colombia
dc.type	Working Paper
dc.subject.jel	E58 - Central Banks and Their Policies
dc.subject.jel	E43 - Interest Rates: Determination, Term Structure, and Effects
dc.subject.keyword	Commodity prices
dc.subject.keyword	Inflation-targeting regime
dc.subject.keyword	Optimal monetary policy
dc.subject.keyword	Expectations
dc.subject.lemb	Modelos macroeconómicos -- Colombia
dc.subject.lemb	Inflación -- Colombia
dc.subject.lemb	Petróleo -- Precios -- Colombia
dc.subject.lemb	Precios de productos básicos -- Colombia
dc.subject.lemb	Política monetaria -- Colombia
dc.type.spa	Documentos de trabajo
dc.rights.spa	Acceso abierto
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspa	E58 - Bancos centrales y sus políticas
dc.subject.jelspa	E43 - Tipos de interés: determinación, estructura temporal y efectos
dc.type.hasversion	Published Version
dc.coverage.sucursal	Bogotá
dc.relation.doi	https://doi.org/10.32468/be.858
dc.rights.disclaimer	Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.repec	https://ideas.repec.org/p/bdr/borrec/858.html
dc.identifier.handle	https://hdl.handle.net/20.500.12134/6146
dc.creator.firma	Luis E. Arango
dc.source.handleRepec	RePEc:bdr:borrec:858

Commodity price shocks and inflation within an optimal monetary policy framework : the case of Colombia

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