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Aspectos institucionales de la Banca Central en Colombia (1963-2007)

  • 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. Se determina que aún cuando se evidencia una correlación negativa entre inflación e independencia, la relación no es necesariamente causal. Así mismo, se realiza una evaluación estadística del desempeño macroeconómico bajo los dos regímenes, enfatizando en la importancia de la estructura institucional en la búsqueda de una mejor política monetaria.

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Article provided by UN - RCE - CID in its journal REVISTA CUADERNOS DE ECONOMÍA.

Volume (Year): (2010)
Issue (Month): (June)
Pages:

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Handle: RePEc:col:000093:007325
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  1. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
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  6. Martha López P., 2004. "Efficient Policy Rule for Inflation Targeting in Colombia," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 1-24, January-J.
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  11. Juan Carlos Echeverry., 1995. "Auge y perpetuación de una inflación moderada. Colombia 1970 - 1991," Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 14(28), pages 5-57, Diciembre.
  12. N. Gregory Mankiw, 1990. "A Quick Refresher Course in Macroeconomics," NBER Working Papers 3256, National Bureau of Economic Research, Inc.
  13. Alesina, Alberto & Summers, Lawrence H, 1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(2), pages 151-62, May.
  14. Cukierman Alex, 1992. "Central Bank Strategy, Credibility, And Independance: Theory And Evidence," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 3(4), pages 10, December.
  15. Andrés Felipe Giraldo palomino, 2007. "Aversión a la inflación y regla de Taylor en Colombia 1994-2005," DOCUMENTOS DE ECONOMÍA 003947, UNIVERSIDAD JAVERIANA - BOGOTÁ.
  16. De Gregorio, Jose, 1993. "Inflation, taxation, and long-run growth," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 271-298, June.
  17. repec:fth:harver:1470 is not listed on IDEAS
  18. Carl E. Walsh, 2003. "Monetary Theory and Policy, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232316, June.
  19. Martha López P., 2004. "Efficient Policy Rule for Inflation Targeting in Colombia," Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 22(45), pages 80-115, Junio.
  20. Paulina Restrepo Echavarría, 2005. "Disinflation Costs Under Inflation Targeting In A Small Open Economy," BORRADORES DE ECONOMIA 002374, BANCO DE LA REPÚBLICA.
  21. Patricia S. Pollard, 1993. "Central bank independence and economic performance," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 21-36.
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  23. Alan S. Blinder, 1999. "Central Banking in Theory and Practice," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522608, June.
  24. Salomón Kalmanovitz, 1997. "Realidades de la independencia del Banco de la República," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID, December.
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