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

Pedro Pablo Calderon-Camacho, Celina Gaitán-Maldonado, Nicolle Valentina Herrera-Pinto, Mario A. Ramos-Veloza
Franky Juliano Galeano-Ramírez, Nicolás Martínez-Cortés, Hernán Dario Perdomo-Sánchez, Marlon Salazar
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero

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