Villar, Leonardo; Rincón, Hernán - BANCO DE LA REPÚBLICA - 2000
and 1998, the rate of growth of GDP was always positive and inflation was kept under control, although the latter one … Dornbusch and Fisher (1992), Colombia was, “par excellence, the country of moderate inflation”. Before the nineties, Colombian … inertial inflation but which had a high degree of aversion against inflation rates above 30%, and a foreign exchange policy …