Number:
658
Published:
Classification JEL:
C52
The most recent
Martha Rosalba López-Piñeros, Eduardo Sarmiento G.
Diego A. Rodríguez-Pinilla, Luis Eduardo Castellanos-Rodríguez, Andrea López-Rodríguez, María del Pilar Esguerra Umaña
David Rios, Alex Pérez, Jaime Carabali, Luis Meneses
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