EconPapers    
Economics at your fingertips  
 

The rise and Perpetuation of a Moderate Inflation, Colombia 1970-1991

Juan Echeverry

Borradores de Economia from Banco de la Republica de Colombia

Abstract: Colombian inflationary experience is explained using a theoretical model that stresses two elements: The effect of shocks and the type of policy designed to respond to them. The empirical investigation uses the event-study methodology and finds that the model successfully accounts for the main characteristics of the country's inflationary process; foreign exchange reserves, agricultural and policy shocks, as well as lack of commitment to low inflation by the authorities are the main causes behind the sustained high/moderate level of inflation. As assessment of the costs of inflation and price variability, widely documented for other countries, is not found during the periods of hight but stable inflation in Colombia.

Date: 1996-04
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://repositorio.banrep.gov.co/bitstream/handle/ ... quence=1&isAllowed=y (application/pdf)

Related works:
Working Paper: THE RISE AND PERPETUATION OF A MODERATE INFLATION, COLOMBIA 1970-1991 (1996) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:050

Access Statistics for this paper

More papers in Borradores de Economia from Banco de la Republica de Colombia Cra 7 # 14-78. Contact information at EDIRC.
Bibliographic data for series maintained by Clorith Angélica Bahos Olivera ().

 
Page updated 2019-12-08
Handle: RePEc:bdr:borrec:050