crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …

monetary policy framework in an inflation targeting regime. In all cases the Central Bank (CB) minimizes an objective function … that depends on deviations of inflation from its target, the output gap and deviations of reserve requirements from its …

purpose is to explain which have been the main exchange rate determinants under an Inflation Targeting regime and a completely …

and inflation convergence to their long run equilibriums. This implies that the NIR is a medium-run anchor for monetary …

(2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation … function (both of which incorporate partial indexation to lagged inflation), finds that for standard values of underlying …) only when the initial level of indexation to lagged inflation is higher than 60% then it is better not to switch to PLT. …

inflation targeting regime are not as straightforward as those under a monetary targeting regime. Conceptually, those effects …

information so as to reduce economic volatility by manipulating inflation expectations. Using a standard model, this paper points … inflation announcements. Therefore, even if transparency is preferred over secrecy the central bank cannot credibly commit to …

This paper propose indicator variables for the implementation of monetary policy in an inflation targeting regime … (inflation target or a loss function). The empirical counterpart of the various formulations is shown using a DSGE model for … Colombia; a small open economy with an inflation targeting regime. …