The Rise and Perpetuation of a Moderate Inflation, Colombia 1970-1991

Borradores de Economia
Número: 
50
Publicado: 
Clasificación JEL: 
E31, E52, E58
Palabras clave: 
Inflation, Colombia

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Colombian inflationary experience is explained using a theoretical model that stresses two elements: the effect of shocks and the type of policy designed to respond to them. The empirical investigation uses the event-study methodology and finds that the m