Output gap in Colombia: an eclectic approach

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Borradores de Economía; No. 327

Date published

2005-02-20

Date

2005-02-20

Authors

Cobo-Serna, Adolfo León

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ISBN

Document language

spa
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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.

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.

Abstract

In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most important variables to guide monetary policy. Defined as the difference between observed and potential or non-inflationary output, the gap is a measure of

Description

JEL Codes

E31 - Price Level; Inflation; Deflation

Temática

Keywords

Keywords

Colombia , Output gap , Inflation forecasting , Supply shocks

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5345
 https://hdl.handle.net/20.500.12134/5345
 https://ideas.repec.org/p/bdr/borrec/327.html
 https://doi.org/10.32468/be.327

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito