Inflation Targeting (IT) ha reforzado una opinión popular: que la inflación tiene poca o ninguna relación con el aumento de la …

This paper investigates the possible responses of an inflation-targeting monetary policy in the face of asset price … responds directly to asset price of housing than a policy that reacts only to deviations of expected inflation (CPI) from … target. Some prudential regulation may provide a better outcome in terms of output and inflation variability. …

stickier than those in Chile and Portugal and might be more flexible than those in the Euro Area and some European countries. 2 … changes were found to be larger than inflation. 4. As inflation is reduced in Colombia, the following happens: (i) price … changes are invariant to inflation. 5. A great deal of price setting heterogeneity was also found. 6. A slight downward …

" 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 …

different measures of annual inflation in Colombia during this decade for monthly data. The STAR-type nonlinearities are … asymmetric for inflation computed as the variation of CPI while for (a measure of) core inflation are symmetric. Thus, LSTAR and … ESTAR models were, respectively, estimated. No evidence of nonlinearity is found for traded goods inflation. Given the local …