Lack of Credibility, Inflation Persistence and Disinflation in Colombia

Borradores de Economia

Number:

658

DOI:

http://doi.org/10.32468/be.658

Published:

Sunday, 1 May 2011

Classification JEL:

C52

Download document

The most recent

The Economic Development of Colombia from the End of the Thousand Days' War to the Great Depression

Juliana Jaramillo-Echeverri, María Teresa Ramírez-Giraldo

Experimenting with Large Language Models for Inflation Forecasting in Colombia

Aarón Levi Garavito-Acosta, Wilmer Martinez-Rivera, Juan J. Ospina-Tejeiro, Edgar Caicedo-García

Evaluating Unemployment Insurance in a Developing Economy: Evidence from Colombia

Leonardo Fabio Morales, Diego Astorga-Rojas, Nicolas Guida-Johnson

This paper measures inflation persistence in Colombia for the period 1990-2010 and estimates the implied speed at which agents learn about the central bank's inflation target. We estimate Erceg and Levin's (2003) imperfect credibility model using Bayesian