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

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