Bogotá, Colombia

Abstract

The Board of Directors of the Central Bank of Colombia submitted its first report of the year to the Congress of Colombia. The report analyzes the international economic environment, the performance of the Colombian economy in 2016, and the outlook for this year. In this context, the monetary…

Abstract

Abstract

As established in Article 5° of Act 31 of 1992, the Board of Directors of the Central Bank of Colombia submitted its second report of 2016 to the Congress of Colombia. The report analyzes the results of the Colombian economy to date, as well the national and international outlook for the current…

The Inflation Targeting Scheme in Colombia

OBJECTIVES

During the first semester of the year, a weak global demand, a fall of export prices in some countries and a low investment dynamic led to reduced growth forecasts for most Latin American and the Caribbean economies. In contrast, the Colombian economy shows signs of soundness, and growth in 2014…

The Inflation Targeting Scheme in Colombia

Abstract

Abstract

Abstract

Statistical analyses show that, after controlling for the accumulation of productive factors, the joint effect of the diversification of manufacturing inputs and the urban population purchasing power has a positive and significant impact on the Colombian economic growth. Furthermore, there is…