Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1283568799
9781283568791
1451902921
9781451902921
9781451981582
1451981589
1462379133
9781462379132
1452787530
9781452787534
9786613881243
6613881244
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| Notes: | Includes bibliographical references (pages 28-30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Between 1955 and 1972, inflation in Colombia was relatively low. Since 1973, however, Colombia has experienced inflation averaging 18-22 percent (see Figure 1), making it the "moderate-inflation country par excellence" (Dornbusch and Fischer, 1993).2 Yet, Colombia has also been known for its prudent macroeconomic policies, to which have been attributed its record of sustained economic growth and manageable external debt, in contrast to the experience of other Latin American countries. Fiscal deficits were kept low (before widening somewhat in the 1990s), while monetary authorities have kept an eye toward an alarm signal of 30 percent inflation: When inflation exceeds that level (as in 1977 and 1990), monetary policy counteracts it (Echeverry, 1996)
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| Other form: | Print version: Ma, Henry. Inflation, uncertainty, and growth in Colombia. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, ©1998
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| Standard no.: | 10.5089/9781451902921.001
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