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Política monetaria para la coyuntura y el mediano plazo: Observaciones y Conjeturas

Author

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  • Carlos Esteban Posada

    ()

  • Luis Eduardo Arango

    ()

Abstract

Recientemente se han escuchado voces que se pronuncian en uno y otro sentidoen relación con las acciones que debería adoptar la autoridad monetaria deColombia en esta coyuntura, dados los eventos ocurridos. Este documento tienecomo propósito interpretar algunos hechos y concluir que, en cumplimiento desu mandato, la acción que debe adoptar la Junta del Banco de la República essubir la tasa de interés de política hasta que las expectativas de inflación sealineen 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 004996, BANCO DE LA REPÚBLICA.
  • Handle: RePEc:col:000094:004996
    as

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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, September.
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    More about this item

    Keywords

    política monetaria; inflación; expectativas de inflación.;
    All these keywords.

    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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