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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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File URL: http://www.fce.unal.edu.co/media/files/documentos/Cuadernos/52/a_giraldo_30.07.pdf
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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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  15. Patricia S. Pollard, 1993. "Central bank independence and economic performance," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 21-36.
  16. Andrés Felipe Giraldo Palomino, 2008. "Aversión a la inflación y regla de Taylor en Colombia 1994-2005," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID, December.
  17. 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.
  18. Alex Cukierman, 1992. "Central Bank Strategy, Credibility, and Independence: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031981, March.
  19. 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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