Giraldo, Andrés Felipe; Arango, Martha Misas; Pérez, … - UNIVERSIDAD JAVERIANA - BOGOTÁ - 2011
This article reconstructs the history of monetary policy of the central bank of Colombia inthe period 1990 to 2010 in which explicit ination targeting was adopted by October of 2000.To do so we developed theoretically a modi
ed Taylor rule with interest rate smoothing foran open and small...