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Inflation before and after central bank independence: The case of Colombia

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dc.creatorOtero Cardona, Jesús Gilbertospa
dc.creatorRamírez M.spa
dc.date.accessioned2020-05-25T23:56:06Z
dc.date.available2020-05-25T23:56:06Z
dc.date.created2006spa
dc.description.abstractIn this paper we model the Colombian inflation rate in terms of excess demand effects from asset, goods and factor markets. In contrast to previous results for a group of industrial economies, we find that domestic factors are a far more powerful influence on inflation than are external factors. The paper pays particular attention to the potential effects of the Constitutional Reform of 1991, which created a Central Bank independent from other parts of government. We find that the creation of an independent Central Bank did change some of the parameters of the model, as the disequilibria in goods and monetary markets were found to have a smaller effect on inflation after Central Bank independence was granted. © 2005 Elsevier B.V. All rights reserved.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.jdeveco.2004.12.005
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22323
dc.language.isoengspa
dc.relation.citationEndPage182
dc.relation.citationIssueNo. 1
dc.relation.citationStartPage168
dc.relation.citationTitleJournal of Development Economics
dc.relation.citationVolumeVol. 79
dc.relation.ispartofJournal of Development Economics, Vol.79, No.1 (2006); pp. 168-182spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-28944454518&doi=10.1016%2fj.jdeveco.2004.12.005&partnerID=40&md5=019da3ef423bf715448eb1d1f9ec50d3spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordBankingspa
dc.subject.keywordIndependencespa
dc.subject.keywordInflationspa
dc.subject.keywordInvestmentspa
dc.subject.keywordColombiaspa
dc.subject.keywordSouth americaspa
dc.subject.keywordCentral bank independencespa
dc.subject.keywordCointegrationspa
dc.subject.keywordColombiaspa
dc.subject.keywordInflationspa
dc.subject.keywordMarket disequilibriaspa
dc.titleInflation before and after central bank independence: The case of Colombiaspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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