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Transmission Mechanisms and Inflation Targeting: The Case of Colombia's Disinflation

Javier Guillermo
Gómez-Pineda
Juan Manuel
Julio-Román
Lunes, 1 Enero 2001

Colombia has been on a steady disinflation path since the early 1990s. The paper presents a model of the transmission mechanisms of monetary policy in Colombia, in order to examine this disinflation. The model is used to describe the evolution of inflatio