Borradores de Economia
Número:
327
Publicado:
Palabras clave:
Colombia, Output gap, inflation forecasting, supply shocks
Lo más reciente
Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
Fredy Gamboa-Estrada, Diego Cuesta, Camilo Sanchez-Quinto
Fredy Gamboa-Estrada, José Vicente Romero
In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most important variables to guide monetary policy. Defined as the difference between observed and potential or non-inflationary output, the gap is a measure of