Colombian Economy

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  • The Transmission Mechanism of Monetary Policy in Colombia Major Changes and Current Features

    Publicación |

    The Colombian economy experienced several shocks in the past ten years. The permanent fall of inflation, the adoption of inflation targeting (IT) and a financial crisis altered the transmission mechanism of monetary policy. Low inflation and IT reduced inflation persistence and contributed to…

  • A Macro CGE Model for the Colombian Economy

    Publicación |

    This paper presents the construction of a tailor-made Macro Computable General Equilibrium Model for the Colombian economy that satisfies Banco de la República's macroeconomic programming and forecasting interests. Using information on the national accounts divulged by the National Statistics…