The Monetary Policy Rule During The Transition To A Stable Level Of Inflation: The Case Of Colombia

Borradores de Economia
Número: 
404
Publicado: 
Clasificación JEL: 
E52, E58, E43
Palabras clave: 
Monetary policy, Inflation Targeting, Monetary Rule.
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During the transition from a moderately high level of inflation to an internationally accepted level, the target, the inflation rate, the nominal interest rate and the nominal equilibrium interest rate may be difference stationary. Policy rules estimation