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La Meta Del Banco Central Y La Persistencia De La Inflaci�N En Colombia

Author

Listed:
  • Juan Jos� Echavarr�a
  • Norberto Rodr�guez
  • Luis Eduardo Rojas

Abstract

En este documento se estima un modelo econom�trico que descompone la seriede inflaci�n trimestral anualizada entre un componente transitorio y otropermanente, este �ltimo inducido probablemente por las variaciones en la metadel Banco Central. Se concluye que la persistencia inflacionaria se elev� enColombia entre 1979-1989 y 1989-1999, y se redujo a sus menores niveles en1999-2010, gracias a la adopci�n del r�gimen de inflaci�n objetivo. Tambi�n seconcluye que la brecha de la inflaci�n presenta baja persistencia, un resultadoconsistente con la Curva de Phillips Neo-Keynesiana. La parte final deldocumento eval�a la persistencia de los diferentes componentes de la inflaci�nutilizados por el Banco de la Rep�blica en sus pron�sticos.

Suggested Citation

  • Juan Jos� Echavarr�a & Norberto Rodr�guez & Luis Eduardo Rojas, 2010. "La Meta Del Banco Central Y La Persistencia De La Inflaci�N En Colombia," Borradores de Economia 7809, Banco de la Republica.
  • Handle: RePEc:col:000094:007809
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    Citations

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    Cited by:

    1. Juan José Echavarría & Andr�s Gonz�lez & Enrique L�pez & Norberto Rodr�guez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(69), pages 14-66.
    2. Juan José Echavarría & Andr�s Gonz�lez & Enrique L�pez & Norberto Rodr�guez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(69), pages 14-66.
    3. Arango-Thomas, Luis Eduardo & García-Suaza, Andrés Felipe & Posada, Carlos Esteban, 2012. "Inflación y desempleo en Colombia : Nairu y tasa de desempleo compatible con la meta de inflación (1984-2010)," Chapters, in: Arango-Thomas, Luis Eduardo & Hamann-Salcedo, Franz Alonso (ed.), El mercado de trabajo en Colombia : hechos, tendencias e instituciones, chapter 8, pages 333-362, Banco de la Republica de Colombia.

    More about this item

    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models

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