2006-09-182006-09-182006-09-182006-09-18https://repositorio.banrep.gov.co/handle/20.500.12134/5422During the transition from a moderately high level of inflation to an internationally accepted level, the target, the inflation rate, the nominal interest rate and the nominal equilibrium interest rate may be difference stationary. Policy rules estimationPDFspaOpen AccessThe monetary policy rule during the transition to a stable level of inflation: the case of ColombiaWorking PaperE52 - Monetary PolicyE58 - Central Banks and Their PoliciesE43 - Interest Rates: Determination, Term Structure, and EffectsMonetary policyInflation targetingMonetary rulePolítica monetaria -- ColombiaMetas de inflación -- ColombiaAcceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0E58 - Bancos centrales y sus políticasE52 - Política monetariaE43 - Tipos de interés: determinación, estructura temporal y efectosLas 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.https://hdl.handle.net/20.500.12134/5422