Central Banking and Macroeconomic Coordination: The Case of Colombia

Borradores de Economia
Number: 
159
Published: 
Classification JEL: 
E52, E58, E31
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This short paper addresses the issues of objectives, organizational arrangements and policy instruments of autonomous central banks, with particular reference to Colombia. Instead of resorting to mechanical extrapolations of other countries' experiences,