SciELO - Scientific Electronic Library Online

 
vol.29 issue65The Target of the Central Bank and Inflation Persistence in Colombia author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Ensayos sobre POLÍTICA ECONÓMICA

Print version ISSN 0120-4483

Abstract

ECHAVARRIA, Juan José; LOPEZ, Enrique  and  MISAS, Martha. Statistical Inflation Persistence In Colombia. Ens. polit. econ. [online]. 2011, vol.29, n.65, pp.224-266. ISSN 0120-4483.

This document discusses the different structural factors which could contribute to inflation persistence, and evaluates alternative ways to measure it. Using the "best" methodologies, it presents the evolution of persistence both for the level and the gap of inflation in Colombia in 1990-2010 using a regime switching model and a Kalman filter. The adoption of inflation targeting in 1999 produced an important reduction in mean and variance but has not significantly modified the persistence of inflation.

Keywords : Inflation; inflation persistence; regime switching models; Kalmanfilter; Colombia.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License