Efectividad de la política de meta de inflación en Colombia: Un análisis de intervención

Erika J. Vesga; Héctor Romero; Eddy J. Fajardo

Efectividad de la política de meta de inflación en Colombia: Un análisis de intervención

Translated title of the contribution: Effectiveness of inflation targeting in Colombia: An intervention analysis

Erika J. Vesga
, Héctor Romero
, Eddy J. Fajardo

Departamento de Ciencias Básicas

Research output: Articles / Notes › Scientific Article › peer-review

Abstract

This paper shows how the performance of inflation has been under the inflation targeting policy applied in Colombia during the period from 1990 to 2016. The information used to carry out this work has been taken from the databases of the Banco de la República and the Departamento Administrativo Nacional de Estadística. Through the application of the Box-Jenkins methodology and the analysis of an intervention, it is concluded that the inflation targeting policy has been executed correctly and for the Colombia it has been beneficial in terms of reduced volatility in inflation and in terms of economic growth.

Translated title of the contribution	Effectiveness of inflation targeting in Colombia: An intervention analysis
Original language	Spanish
Journal	Espacios
Volume	40
Issue number	6
State	Published - 2019

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Cite this

@article{731e76bf6d9749cab23389f10b7b13c9,

title = "Efectividad de la pol{\'i}tica de meta de inflaci{\'o}n en Colombia: Un an{\'a}lisis de intervenci{\'o}n",

abstract = "This paper shows how the performance of inflation has been under the inflation targeting policy applied in Colombia during the period from 1990 to 2016. The information used to carry out this work has been taken from the databases of the Banco de la Rep{\'u}blica and the Departamento Administrativo Nacional de Estad{\'i}stica. Through the application of the Box-Jenkins methodology and the analysis of an intervention, it is concluded that the inflation targeting policy has been executed correctly and for the Colombia it has been beneficial in terms of reduced volatility in inflation and in terms of economic growth.",

keywords = "Inflation targeting, Intervenci{\'o}n, Intervention, Meta de inflaci{\'o}n, Monetary policy, Pol{\'i}tica monetaria",

author = "Vesga, \{Erika J.\} and H{\'e}ctor Romero and Fajardo, \{Eddy J.\}",

note = "Publisher Copyright: {\textcopyright} 2019.",

year = "2019",

language = "Espa{\~n}ol",

volume = "40",

journal = "Espacios",

issn = "0798-1015",

publisher = "Revista Espacios",

number = "6",

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TY - JOUR

T1 - Efectividad de la política de meta de inflación en Colombia

T2 - Un análisis de intervención

AU - Vesga, Erika J.

AU - Romero, Héctor

AU - Fajardo, Eddy J.

PY - 2019

Y1 - 2019

N2 - This paper shows how the performance of inflation has been under the inflation targeting policy applied in Colombia during the period from 1990 to 2016. The information used to carry out this work has been taken from the databases of the Banco de la República and the Departamento Administrativo Nacional de Estadística. Through the application of the Box-Jenkins methodology and the analysis of an intervention, it is concluded that the inflation targeting policy has been executed correctly and for the Colombia it has been beneficial in terms of reduced volatility in inflation and in terms of economic growth.

AB - This paper shows how the performance of inflation has been under the inflation targeting policy applied in Colombia during the period from 1990 to 2016. The information used to carry out this work has been taken from the databases of the Banco de la República and the Departamento Administrativo Nacional de Estadística. Through the application of the Box-Jenkins methodology and the analysis of an intervention, it is concluded that the inflation targeting policy has been executed correctly and for the Colombia it has been beneficial in terms of reduced volatility in inflation and in terms of economic growth.

KW - Inflation targeting

KW - Intervención

KW - Intervention

KW - Meta de inflación

KW - Monetary policy

KW - Política monetaria

UR - https://www.scopus.com/pages/publications/85061668462

M3 - Artículo Científico

AN - SCOPUS:85061668462

SN - 0798-1015

VL - 40

JO - Espacios

JF - Espacios

IS - 6

ER -

Efectividad de la política de meta de inflación en Colombia: Un análisis de intervención

Abstract

UN SDGs

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