Renouf Publishing Co. Ltd.
embedded image
Renouf
Online Bookstore

ABOUT SSL CERTIFICATES

 
Quick Search
for: 
in 
 
Advanced search
F.A.Q.
Featured books
New in print
Best Sellers
President's picks

Shopping cart/Checkout  [0]
Sign-up for eUpdates
Explaining Inflation in Colombia
A Disaggregated Phillips Curve Approach

by Sergi Lanau, Adrian Robles, and Frederik G. Toscani

Series:Working Paper No. 18/106
ISBN 9781484354827
Code: #WPIEA2018106

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
30 pages
Add to cart
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.
Explaining Inflation in Colombia
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 122546 Added: 2018.5.14