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Política monetaria para la coyuntura y el mediano plazo: observaciones y conjeturas

Author

Listed:
  • Carlos Esteban Posada

    ()

  • Luis Eduardo Arango

    ()

Abstract

Recientemente se han escuchado voces que se pronuncian en uno y otro sentido en relación con las acciones que debería adoptar la autoridad monetaria de Colombia en esta coyuntura, dados los eventos ocurridos. Este documento tiene como propósito interpretar algunos hechos y concluir que, en cumplimiento de su mandato, la acción que debe adoptar la Junta del Banco de la República es subir la tasa de interés de política hasta que las expectativas de inflación se alineen con la meta en el plazo relevante.

Suggested Citation

  • Carlos Esteban Posada & Luis Eduardo Arango, 2008. "Política monetaria para la coyuntura y el mediano plazo: observaciones y conjeturas," Borradores de Economia 526, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:526
    as

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    File URL: http://repositorio.banrep.gov.co/bitstream/handle/20.500.12134/5543/be_526.pdf?sequence=1&isAllowed=y
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    References listed on IDEAS

    as
    1. Taylor, John B, 1979. "Staggered Wage Setting in a Macro Model," American Economic Review, American Economic Association, vol. 69(2), pages 108-113, May.
    2. Carl E. Walsh, 2003. "Monetary Theory and Policy, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232316, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Política monetaria; inflación; expectativas de inflación.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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