Borradores de Economia
Número:
431
Publicado:
Clasificación JEL:
E42, E44, E52, E66
Palabras clave:
Monetary Transmission Mechanisms, Inflation Targeting, Colombian Economy
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Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
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Fredy Gamboa-Estrada, Diego Cuesta, Camilo Sanchez-Quinto
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