Inflation Targeting in a Small Open Economy: The Colombian Case

Borradores de Economia
Número: 
308
Publicado: 
Clasificación JEL: 
E31, E2
Palabras clave: 
Inflación
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This paper presents a dynamic stochastic general equilibrium model of inflation targeting in small open economy. We calibrate the model to the Colombian economy and present the response of some macroeconomic variables to different types of shocks that a