Inflation Expectations and a Model-Based Core Inflation Measure in Colombia

Número: 
928
Publicado: 
Clasificación JEL: 
E31, E37, E52
Palabras clave: 
Inflation Expectations, Core Inflation, supply shocks, Monetary policy

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Luis E. Arango, Leonardo Bonilla-Mejía, Luz Adriana Flórez, Luis E. Arango
Julián Andrés Parra-Polanía, Constanza Martínez-Ventura

Inflation expectations in Colombia are characterized. Empirical evidence following conventional tests suggests that they might not be rational, although the period of disinflation included in the sample makes it difficult to ascertain this conclusion. Inf