Explaining Inflation in Colombia A Disaggregated Phillips Curve Approach is popular PDF and ePub book, written by Mr.Sergi Lanau in 2018-05-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Explaining Inflation in Colombia A Disaggregated Phillips Curve Approach can be Read Online from any device for your convenience.
Explaining Inflation in Colombia A Disaggregated Phillips Curve Approach Book PDF Summary
We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This allows us to capture the different drivers of individual inflation components. We find that the Phillips curve is relatively flat in Colombia but steeper than recent estimates for the U.S. Supply side shocks play an important role for tradable and food prices, while indexation dynamics are important for non-tradable goods. We show that besides allowing for a more detailed understanding of inflation drivers, the bottom-up approach also improves on an aggregate Phillips curve in terms of forecasting ability. In the baseline forecast scenario, both headline and core inflation converge towards the Central Bank’s inflation target of 3 percent by end-2018 but these favorable inflation dynamics are vulnerable to large supply shocks.
Detail Book of Explaining Inflation in Colombia A Disaggregated Phillips Curve Approach PDF
- Author : Mr.Sergi Lanau
- Release : 10 May 2018
- Publisher : International Monetary Fund
- ISBN : 9781484354827
- Genre : Business & Economics
- Total Page : 29 pages
- Language : English
- PDF File Size : 14,7 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Explaining Inflation in Colombia A Disaggregated Phillips Curve Approach by Mr.Sergi Lanau, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.