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Summary of the Minutes of the Monetary Board, 1971, 1988

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  • Juán Carlos Echeverry

Abstract

This piece was part of research on the Colombian inflationary experience published as: The Rise and Perpetuation of a Moderate Inflation, Colombia 1970-1991. It collects together the summaries of the response of Colombian policy-makers to the shocks identified in that paper. Since 1963 the Monetary Board was responsible for monetary, credit and exchange rate policies in the country. This compilation consists of the opinions and policy measures related with anti-inflationary policy, registered either in the minutes of the meetings of the Monetary Board, the documents of the advisors (two qualified professionals that prepared a technical opinion on the issues at hand), or the actual policy measures undertaken (called" Resoluciones de la Junta Monetaria"). The choice was to report the minutes of sessions from two months before, until two months after every shock. The empphasis relies on those measures directly related to anti-inflationary packages, either of monetary, exchange rate, foreig trade or government financing character. The description is chronological and faithful to the original writing; that is, this piece contains no interpretation from our part.

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File URL: http://www.banrep.gov.co/docum/ftp/borra088.pdf
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Bibliographic Info

Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 088.

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Handle: RePEc:bdr:borrec:088

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