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La desinflación reciente en Colombia y los riesgos de la política monetaria
[The recent desinflation in Colombia and the risks of the monetary policy]

Author

Listed:
  • Mesa Callejas, Ramon Javier
  • Rhenals Monterrosa, Remberto
  • Londoño T., Carlos Mario

Abstract

For constitituional order the Banco de la Republica should maintain low the inflation, to maintain the purchasing power of the currency, so the Bank used the outline of monetary corridors until the end of the decade, being able to reduce the inflation around ten points; but losing operability, the bank adopts, in september of 2000, the system of "Targeting Inflation" to manage the monetary policy, that although it has allowed to consolidate the inflation in a digit it has potential risks as: crisis of the public debt and exchange uncertainty, among other aspects. Por mandato constitucional el Banco de la Republica debe mantener baja la inflacion, para mantener el poder adquisitivo de la moneda, con tal fin uso el esquema de corredores monetarios hasta fin de la decada, logrando reducir la inflacion alrededor de diez puntos; pero al perder operatividad dicho esquema, en septiembre de 2000 el banco adopta el sistema "Inflación Objetivo" para manejar la politica monetaria, que aunque ha permitido consolidar la inflación en un digito tiene riesgos potenciales como: crisis de la deuda publica e inestabilidad cambiaria, entre otros aspectos.

Suggested Citation

  • Mesa Callejas, Ramon Javier & Rhenals Monterrosa, Remberto & Londoño T., Carlos Mario, 2003. "La desinflación reciente en Colombia y los riesgos de la política monetaria
    [The recent desinflation in Colombia and the risks of the monetary policy]
    ," MPRA Paper 1825, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1825
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    Keywords

    Inflacion; Corredores monetarios; inflacion objetivo; deuda publica; Inestabilidad cambiaria;

    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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