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Transmission Mechanisms and Inflation Targeting: The Case of Colombia's Disinflation
(ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2003)
Colombia has been on a steady disinflation path since the early 1990s. In this paper, we model the transmission mechanism of monetary policy during this disinflation. We describe how inflation evolves in response to important ...