The transmission mechanism of monetary policy in Colombia major changes and current features

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Borradores de Economía; No. 431

Date published

2007-02-20

Date

2007-02-20

Authors

Vargas-Herrera, Hernando

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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

The Colombian economy experienced several shocks in the past ten years. The permanent fall of inflation, the adoption of inflation targeting (IT) and a financial crisis altered the transmission mechanism of monetary policy. Low inflation and IT reduced in

Description

JEL Codes

E44 - Financial Markets and the Macroeconomy

Temática

Keywords

Keywords

Monetary transmission mechanisms , Inflation targeting , Colombian economy

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5449
 https://hdl.handle.net/20.500.12134/5449
 https://ideas.repec.org/p/bdr/borrec/431.html
 https://doi.org/10.32468/be.431

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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