Central Banks should meet their inflation targets to preserve fiscal space and anchor inflation expectations. …

crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …

"unconventional" monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities …

consumption, investment and output. Nevertheless, the quantitative results in terms of inflation reduction are rather poor. The …. It is found that reserve requirements can be used to achieve the Central Bank's inflation objectives. The use of this … policy rate becomes more effective in reducing inflation when the reserve requirement instrument is solely directed at …

particular spin to this conclusion by showing that investment decisions at the firm level are also explained by the restoration …, perhaps the most relevant result is the confirmation that in Colombia, investment decisions are negatively affected by the …

also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …