Borradores de Economia
Número:
327
Publicado:
Palabras clave:
Colombia, Output gap, inflation forecasting, supply shocks
Lo más reciente
Leonardo Fabio Morales, Diego Astorga-Rojas, Nicolas Guida-Johnson
Mauricio Villamizar-Villegas, Oscar Mauricio Valencia-Arana, Andrés Felipe Prado, Nicolás Aya
Leonardo Fabio Morales, Sergio Ocampo, Brenda Samaniego de la Parra
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