Servicios
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The study evaluates the virtues of asymmetric trimmed means as efficient estimators of inflation for Colombia, an economy with high and variable inflation rates. Results suggest that the proposed indicators are more efficient than alternative indexes and are particularly suited for environments…
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On August 02, a meeting will be held with commercial banks, unions, and trade representatives to socialize the actions implemented for the supply of banknotes and coins, and the new services that will be available in the city.In Montería, as in other cities, Banco de la República (the Central Bank…
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On August 10, there will be a meeting with commercial banks, unions, and trade representatives to socialize the actions implemented for the supply of banknotes and coins, and the new services that will be available in the city.In Riohacha, as in other cities, Banco de la República is carrying out a…
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This event is private. Guests are allowed with invitation only.
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In this paper I consider the following problem: there is a collection of exogenously given socially feasible sets, and for each one of them, each one of a group of individuals chooses from an individually feasible set. The fact that the product of the individually feasible sets is larger than the…
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Abstract
The covid-19 pandemic distorted the pattern of household consumption. Consequently, the official fixed basket CPI could be measuring inaccurately the evolution of inflation. The exercise presented in this document, was to update the weighting structure of the basket with alternative…
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During the last two months of 2017, inflation in- creased somewhat more than expected, closing the year at 4.09%. This behavior is explai- ned by the acceleration of the consumer price index (CPI) excluding food, whose annual variation to December stood at 5.01%. Within this last group, all large…
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Son las estimaciones que hacen los agentes de la economía (hogares, empresas, inversionistas y expertos) sobre el nivel futuro de inflación. Si creen que los precios subirán un 3%, ajustan sus decisiones, es decir, negocian salarios, contratos y precios con base en esta cifra. Esto puede hacer que…
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Inflation expectations in Colombia are characterized. Empirical evidence following conventional tests suggests that they might not be rational, although the period of disinflation included in the sample makes it difficult to ascertain this conclusion. Inflation expectations display close ties with…
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In 2010, the annual CPI variation was 3.17%, this figure being close to the midpoint of the inflation target range (between 2% and 4%) fixed for this year by the JDBR, the Board of Directors of Banco de la Republica, the Central Bank of Colombia.
In the past quarter, the so-called “La Niña”…
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At the end of 2012 annual inflation stood at 2.4%, lower than the long-term target (3%) and within the year’s target range (2%-4%) (Graph A). Fourth-quarter inflation results were lower than average market expectations and also below the rates expected by Banco de la República’s technical staff.…
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In June 2012 annual inflation stood at 3.2%, down by 20 basis points (bp) from the figure of March, resuming its downtrend after remaining relatively stable in April and May.
From March to June, year-on-year change in the consumer price index (CPI) for food fell from 4.6% to 4.2%, accounting for…
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External demand during the first half of 2013 was somewhat weaker than expected. In the United States, our largest trading partner, the increase in private spending is being offset partly by fiscal consolidation, which has led to a slight decline in the forecast for that country’s growth. The…
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In March 2012, annual inflation was 3.4%. This is 15 basis points (bp) less than the rate recorded in December (Graph A). A decreasing trend in annual inflation started in October, when inflation reached its highest level in 2011 (4.0%).
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In September 2012 annual change in the consumer price index (CPI), core inflation measures, expectations at different horizons and inflation forecast for December stood around the mid-point of the target range (3%).
At the end of the third quarter annual inflation stood at 3.08%, down by 12…
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The information available up to the third quarter of 2013 shows a global economy that is recovering slowly. The United States economy is growing at a moderate pace and the economy in the euro zone, although weak, shows some signs of improvement. Growth is mixed in the large emerging countries in…
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Presentation (Only Available in Spanish)
Infla
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Inflation Developments and Monetary Policy Decisions
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