<?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>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462018000100189</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.2018.10.1.8</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Una evaluación de la estrategia de inflación objetivo en Colombia]]></article-title>
<article-title xml:lang="en"><![CDATA[An evaluation of the inflation targeting strategy in Colombia]]></article-title>
<article-title xml:lang="pt"><![CDATA[Uma avaliação da estratégia de meta de inflação na Colômbia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Pardo Pardo]]></surname>
<given-names><![CDATA[Germán Oswaldo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Clavijo Cortés]]></surname>
<given-names><![CDATA[Pedro Hugo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Católica de Colombia Departamento de Ciencias Básicas ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Católica de Colombia Facultad de Ciencias Económicas y Administrativas ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<volume>10</volume>
<numero>1</numero>
<fpage>189</fpage>
<lpage>210</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462018000100189&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462018000100189&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462018000100189&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo busca determinar si la estrategia de inflación objetivo modificó la estructura económica de Colombia, al provocar un cambio estructural. Para ello, se empleó un modelo de vectores autorregresivos y posteriormente dos pruebas de cambio estructural: la prueba de Chow y la prueba de máxima verosimilitud. Se estimó un modelo VAR de cuatro variables que tienen una periodicidad mensual y cubren el periodo 1995M04 hasta 2015M05. Los resultados de la regresión permiten concluir que la adopción de la estrategia de inflación objetivo sí representó un cambio estructural para la economía colombiana y ayudó a mantener baja y estable la inflación. JEL: C31, E31, E42, E52.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This document aims to establish whether the inflation targeting strategy modified the economic structure in Colombia, causing a structural change in it. To do this, a vector autoregressive model (VAR) and, subsequently, two structural change tests were used: the Chow test and the maximum likelihood test. A VAR model with four variables was estimated for the period 1995M04 to 2015M05. The regression results allow concluding that the adoption of the inflation targeting strategy did represent a structural change for the Colombian economy and it helped to maintain a low and stable inflation.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo Este artigo pretende determinar se a estratégia de meta de inflação modificou a estrutura econômica da Colômbia ao provocar uma mudança estrutural. Para isso, foi utilizado um modelo de vetores autorregressivos (VAR) e, em seguida, dois testes de mudança estrutural: o teste de Chow e o teste de máxima verossimilhança. Foi estimado um modelo VAR de quatro variáveis que têm periodicidade mensal e abrangem o período de abril de 1995 até maio de 2015. Os resultados da regressão permitem concluir que a adoção da estratégia de meta de inflação representou uma mudança estrutural para a economia colombiana e ajudou a manter a inflação baixa e estável.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inflación objetivo]]></kwd>
<kwd lng="es"><![CDATA[política económica]]></kwd>
<kwd lng="es"><![CDATA[cambio estructural]]></kwd>
<kwd lng="es"><![CDATA[modelos VAR]]></kwd>
<kwd lng="en"><![CDATA[inflation targeting]]></kwd>
<kwd lng="en"><![CDATA[economic policy]]></kwd>
<kwd lng="en"><![CDATA[structural change]]></kwd>
<kwd lng="en"><![CDATA[VAR models]]></kwd>
<kwd lng="pt"><![CDATA[meta de inflação]]></kwd>
<kwd lng="pt"><![CDATA[política econômica]]></kwd>
<kwd lng="pt"><![CDATA[mudança estrutural]]></kwd>
<kwd lng="pt"><![CDATA[modelos VAR]]></kwd>
</kwd-group>
</article-meta>
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