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The Inflation Targeting Scheme in Colombia OBJECTIVES
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The job market is one of the channels through which macroeconomic dynamics influence the welfare of the population. Therefore, it must be considered in any analysis of the effects of monetary policy. Within this dimension, a useful measure is the labor market gap, which is…
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The Macroeconomic Models Department at Banco de la República has been working on medium- and long-term forecasts for inflation and economic growth during the last six years. In doing so, its main forecasting tool has been a dynamic stochastic general equilibrium model that is…
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The Inflation Targeting Scheme in Colombia OBJECTIVES
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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…
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The Inflation Targeting Scheme in Colombia
OBJECTIVES
Monetary policy in Colombia is based on inflation targeting, which is intended primarily to keep inflation low and to ensure stable growth in output near its long-term trend. Accordingly, the objectives of monetary policy combine the goal…
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Essays on Economic Policy (ESPE in Spanish) - Political Transfer Cycles rom the Centre to the StatesAbstract
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Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…
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Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…
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Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…
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Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…
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In Colombia, the National Development Banks (NDBs) are organized as a system of four (initially five) specialized institutions. This system was adopted during the market reforms of the early 1990s, which eliminated the development functions of the central bank, liberalized the financial sector and…
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