<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722019000100259</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v37n76.62538</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[IMPACTOS REGIONALES Y SECTORIALES DE LA POLÍTICA MONETARIA EN COLOMBIA]]></article-title>
<article-title xml:lang="en"><![CDATA[Regional and sectoral impacts of monetary policy in Colombia]]></article-title>
<article-title xml:lang="fr"><![CDATA[Impacts régionaux et sectoriels de la politique monétaire en Colombie]]></article-title>
<article-title xml:lang="pt"><![CDATA[Impactos regionais e setoriais da política monetária na Colômbia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Quintero Otero]]></surname>
<given-names><![CDATA[Jorge David]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad del Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2019</year>
</pub-date>
<volume>38</volume>
<numero>76</numero>
<fpage>259</fpage>
<lpage>288</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722019000100259&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722019000100259&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722019000100259&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este artículo se realiza una estimación del impacto de la política monetaria sobre la producción en las regiones y sectores de la economía colombiana empleando un modelo de rezagos distribuidos en el que se combinan datos de producción regional y sectorial y una medida de choques de política monetaria estimada con datos del agregado de la economía. Los resultados obtenidos muestran que la política monetaria afecta en mayor medida las regiones Pacífico y Caribe y genera importantes diferencias sectoriales, que resultan ser determinantes en la transmisión regional de la política monetaria mediante el canal de tasa de interés. JEL: E52, E58, R11.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper estimates the effect of monetary policy on economic activity in Colombia´s regions and economic sectors. In order to achieve this goal a distributed lag model is estimated combining regional and sectoral production data and using a measure of monetary policy shocks estimated with aggregate economy data. The results show that monetary policy mainly affects the Pacific and Caribbean regions and generates sectoral differences in the impact of monetary policy on production. These differences in sectoral impacts prove to be decisive in the regional transmission of monetary policy through the interest rate channel. JEL: E52, E58, R11.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[Résumé Dans cet article on évalue l&#8217;impact de la politique monétaire sur la production dans les régions et secteurs de l&#8217;économie colombienne en utilisant un modèle à retards distribués dans lequel se combinent des données de production régionale et sectorielle et une mesure de chocs de politique monétaire évaluée avec des données de l&#8217;ensemble de l&#8217;économie. Les résultats obtenus montrent que la politique monétaire affecte dans une plus grande mesure les régions du Pacifique et des Caraïbes et entraine d&#8217;importantes différences sectorielles, qui sont déterminantes dans la transmission régionale de la politique monétaire par le biais des taux d&#8217;intérêt. JEL: E52, E58, R11.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo Neste artigo se realiza uma estimação do impacto da política monetária sobre a produção nas regiões e setores da economia colombiana empregando um modelo de resquícios distribuídos no que se combinam dados de produção regional e setorial e uma medida de choques de política monetária estimada com dados do agregado da economia. Os resultados obtidos mostram que a política monetária afeta em maior proporção as regiões Pacífico e Caribe e gera importantes diferenças setoriais, que resultam ser determinantes na transmissão regional da política monetária por meio do canal de taxa de juros. JEL: E52, E58, R11.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[rezagos distribuidos]]></kwd>
<kwd lng="es"><![CDATA[regiones]]></kwd>
<kwd lng="es"><![CDATA[sectores económicos]]></kwd>
<kwd lng="es"><![CDATA[Colombia.]]></kwd>
<kwd lng="en"><![CDATA[Monetary policy]]></kwd>
<kwd lng="en"><![CDATA[distributed lags]]></kwd>
<kwd lng="en"><![CDATA[regions]]></kwd>
<kwd lng="en"><![CDATA[economic sectors]]></kwd>
<kwd lng="en"><![CDATA[Colombia.]]></kwd>
<kwd lng="fr"><![CDATA[politique monétaire]]></kwd>
<kwd lng="fr"><![CDATA[retards distribués]]></kwd>
<kwd lng="fr"><![CDATA[régions]]></kwd>
<kwd lng="fr"><![CDATA[secteurs économiques]]></kwd>
<kwd lng="fr"><![CDATA[Colombie.]]></kwd>
<kwd lng="pt"><![CDATA[política monetária]]></kwd>
<kwd lng="pt"><![CDATA[resquícios distribuídos]]></kwd>
<kwd lng="pt"><![CDATA[regiões]]></kwd>
<kwd lng="pt"><![CDATA[setores econômicos]]></kwd>
<kwd lng="pt"><![CDATA[Colômbia.]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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