Vargas, Hernando; González, Andrés; González, Eliana; … - BANCO DE LA REPÚBLICA - 2009
"shocks and core inflation indicators sent diverging signals about the transmission of thoseshocks to macroeconomic ination. An … persistence of the shocks and a close monitoring of their impacton inflation expectations. It is found that the latter are formed … on the basis of past inflaation,but that the inflation target also plays a role. In addition, ination expectations …