The Transmission Mechanism of Monetary Policy in Colombia Major Changes and Current Features

Borradores de Economia
Número: 
431
Publicado: 
Clasificación JEL: 
E42, E44, E52, E66
Palabras clave: 
Monetary Transmission Mechanisms, Inflation Targeting, Colombian Economy

Lo más reciente

The Colombian economy experienced several shocks in the past ten years. The permanent fall of inflation, the adoption of inflation targeting (IT) and a financial crisis altered the transmission mechanism of monetary policy. Low inflation and IT reduced in