Inflation Targeting in a Small Open Economy: The Colombian Case

Borradores de Economia
Number: 
308
Published: 
Classification JEL: 
E31, E2
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
Download document

The most recent

Denied Opportunities: A Portrait of Exclusion and Precarious Work for Young People in Cartagena
Andrea Sofía Otero-Cortés, Karina Acosta, Jhorland Ayala-García, Oriana Álvarez Vos, Sara Rojas
Materials prices, market power, and the rise in processed food inflation in emerging markets: Evidence from Colombia
Jorge Florez-Acosta, Margarita María Gáfaro-González, Alejandra González-Ramírez, Juan Sebastián Vélez-Velásquez
Complementary Evidence on Colombia’s Business Cycle: A Perspective from the Growth Cycle Approach
Diego Vásquez-Escobar

This paper presents a dynamic stochastic general equilibrium model of inflation targeting in small open economy. We calibrate the model to the Colombian economy and present the response of some macroeconomic variables to different types of shocks that a