Advanced Search
MyIDEAS: Login to save this paper or follow this series

Aspectos institucionales de la banca central en Colombia 1963-2004: la junta monetaria y la junta directiva del Banco de la República


Author Info

  • Andrés Felipe Giraldo Palomino



En el presente trabajo se hace una comparación institucional del funcionamiento del Banco de la República bajo los dos regímenes que han tenido a su cargo la política monetaria en Colombia: La Junta Monetaria y la Junta Directiva. Para ello se usa la teoría de la inconsistencia dinámica y la literatura de los costos de la inflación para justificar la búsqueda por parte de la sociedad de la eliminación del sesgo inflacionario y de la existencia de una política monetaria anti-inflacionaria. Así mismo, se realiza una evaluación estadística del desempeño macroeconómico bajo las dos estructuras enfatizando la importancia de la estructura institucional en la búsqueda de mejores políticas monetarias. Los resultados no son concluyentes en decir cual de las dos muestran un mejor desempeño, en parte debido a la falta de datos para evaluar a la JD, aunque se muestra que la estructura de inflación objetivo puede contribuir a que la estructura institucional actual muestre un mejor desempeño en el futuro.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Jorge Alberto Restrepo)
Download Restriction: no

Bibliographic Info

Paper provided by UNIVERSIDAD JAVERIANA - BOGOTÁ in its series DOCUMENTOS DE ECONOMÍA with number 004448.

as in new window
Length: 32
Date of creation: 05 Nov 2007
Date of revision:
Handle: RePEc:col:000108:004448

Contact details of provider:

Related research

Keywords: Banca central; política monetaria; inflación objetivo.;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Adolfo Meisel & Juan David Barón, 2009. "A Historical Analysis of Central Bank Independence in Latin America: The Colombian Experience, 1923-2008," BORRADORES DE ECONOMIA 005788, BANCO DE LA REPÚBLICA.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:col:000108:004448. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jorge Alberto Restrepo).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.