Meta de inflación y actividad económica en Colombia (1990-2016): un análisis de intervención

Abstract

This paper shows how the performance of inflation has been under the inflation targeting policy applied in Colombia during the period from 1990 to 2016, based on the intervention policies adopted by the central bank based on the determination of such measure, allowing in turn to describe its effect on the real economy. The information used to carry out this work has been taken from the databases of the Banco de la República and the DANE, which through the application of the Box-Jenkins methodology and the analysis of an intervention model, is achieved obtain an ARIMA econometric model, which explains and allows to predict the behavior of the study variable, it is concluded that the objective inflation policy has been executed correctly and for the country has been beneficial.