Does independence matter: the case of the Colombia Central Bank

"Why has Colombia been a case of low outputvariability and moderate-to-high inflation? This paper argues that regardless of the institutional arrangement, monetary authorities have stabilized the business cycle, and inflation control has not been the only objective of monetary policy, The gover...

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Autores Principales: Cárdenas, Mauricio, Partow, Zeinab
Publicado: 2015
Materias:
Acceso en línea:http://hdl.handle.net/11445/833
id ir-11445-833
recordtype dspace
spelling ir-11445-8332017-06-17T16:58:03Z Does independence matter: the case of the Colombia Central Bank Cárdenas, Mauricio Partow, Zeinab Política Monetaria Bancos Centrales Inflación "Why has Colombia been a case of low outputvariability and moderate-to-high inflation? This paper argues that regardless of the institutional arrangement, monetary authorities have stabilized the business cycle, and inflation control has not been the only objective of monetary policy, The goverment-controlled Junta Monetaria (1963-1991) often ignored the advice of the Asesores, an anti-inflation group of technocrats who had no voting powers." "Why has Colombia been a case of low outputvariability and moderate-to-high inflation? This paper argues that regardless of the institutional arrangement, monetary authorities have stabilized the business cycle, and inflation control has not been the only objective of monetary policy, The goverment-controlled Junta Monetaria (1963-1991) often ignored the advice of the Asesores, an anti-inflation group of technocrats who had no voting powers." E31 E50 E52 E58 2015-12-19T00:06:40Z 2016-01-21T02:26:03Z 2017-04-17T20:27:31Z 2017-06-17T16:58:03Z 2015-12-19T00:06:40Z 2016-01-21T02:26:03Z 2017-04-17T20:27:31Z 2017-06-17T16:58:03Z 1998-05 http://hdl.handle.net/11445/833 Documentos de Trabajo (Working Papers). No. 06. Mayo 1998 application/pdf
institution Fedesarrollo
collection DSpace
topic Política Monetaria
Bancos Centrales
Inflación
spellingShingle Política Monetaria
Bancos Centrales
Inflación
Cárdenas, Mauricio
Partow, Zeinab
Does independence matter: the case of the Colombia Central Bank
description "Why has Colombia been a case of low outputvariability and moderate-to-high inflation? This paper argues that regardless of the institutional arrangement, monetary authorities have stabilized the business cycle, and inflation control has not been the only objective of monetary policy, The goverment-controlled Junta Monetaria (1963-1991) often ignored the advice of the Asesores, an anti-inflation group of technocrats who had no voting powers."
author Cárdenas, Mauricio
Partow, Zeinab
author_facet Cárdenas, Mauricio
Partow, Zeinab
author_sort Cárdenas, Mauricio
title Does independence matter: the case of the Colombia Central Bank
title_short Does independence matter: the case of the Colombia Central Bank
title_full Does independence matter: the case of the Colombia Central Bank
title_fullStr Does independence matter: the case of the Colombia Central Bank
title_full_unstemmed Does independence matter: the case of the Colombia Central Bank
title_sort does independence matter: the case of the colombia central bank
publishDate 2015
url http://hdl.handle.net/11445/833
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score 9,108087