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

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