← Back to results TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA Óscar Reinaldo Becerra & Luis Fernando Melo‐Velandia
What the paper says This paper describes the dynamics of the monetary policy decisions enacted by the Central Bank of Colombia and the transmission to other interest rates, in order to identify the effectiveness and backwardness of such monetary policy measures. Based on a theoretical model, a VECX-MGARCH model is used to analyze the interactions among different interest rates and model the relationship between the volatilities of the endogenous variables of the model. Impulse-response functionssuggest that the effect of a monetary shock on interest rates closely follow the objectives set by the Central Bank, both in sign and magnitude.
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@article{óscar2009,
title = {{TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA}},
author = {Óscar Reinaldo Becerra & Luis Fernando Melo‐Velandia},
journal = {Latin American Journal of Economics},
year = {2009},
doi = {https://doi.org/https://doi.org/10.4067/s0717-68212009000100005},
} TY - JOUR
TI - TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA
AU - Becerra, Óscar Reinaldo
AU - Melo‐Velandia, Luis Fernando
JO - Latin American Journal of Economics
PY - 2009
ER - Óscar Reinaldo Becerra & Luis Fernando Melo‐Velandia (2009). TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA. *Latin American Journal of Economics*. https://doi.org/https://doi.org/10.4067/s0717-68212009000100005 Óscar Reinaldo Becerra & Luis Fernando Melo‐Velandia. "TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA." *Latin American Journal of Economics* (2009). https://doi.org/https://doi.org/10.4067/s0717-68212009000100005. TRANSMISIÓN DE TASAS DE INTERÉS BAJO EL ESQUEMA DE METAS DE INFLACIÓN: EVIDENCIA PARA COLOMBIA
Óscar Reinaldo Becerra & Luis Fernando Melo‐Velandia · Latin American Journal of Economics · 2009
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