Since 1991, inflation in Colombia was reduced from 25% on average to about 6% more recently. Although this performance … is in line with a long run inflation target of 3%, some analysts ask whether the Central Bank should continue … disinflating. In this paper we present a dynamic stochastic general equilibrium model of inflation targeting for a small open …

Evidence of the causal long-term relationship between budget deficit, money growth and inflation in Colombia is … relationship between inflation and money growth on the one hand, and between money growth and fiscal deficit, on the other. The …

" shocks and core inflation indicators sent diverging signals about the transmission of those shocks to macroeconomic inflation … state of the economy. Regarding the second episode, an evaluation of core inflation indicators according to standard … pressures should not rely only on one or few core inflation indicators, since some signals could be picked by some measures and …

This paper explores the relationship between central bank independence and inflation in Latin America, using as a case … recovered its independence and its focus on price stability. Inflation varied substantially during these subperiods. The …

Typically, when forecasting inflation rates, there are a variety of individual models and a combination of several of … technique for series integrated of order one. The empirical results of Colombian inflation show that the Bayesian forecast …