Disagreement in inflation expectations: empirical evidence for Colombia

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dc.contributor.authorAnzoátegui Zapata, Juan Camilo
dc.contributor.authorGalvis Ciro, Juan Camilo
dc.date.accessioned2024-12-03T20:58:31Z
dc.date.available2024-12-03T20:58:31Z
dc.date.issued2019
dc.description.abstractABSTRACT: The literature on expectation disagreements in emerging economies is scarce. This paper examines the disagreements in inflation expectations for the Colombian economy during the 2010–2017 period. We combine empirical tests with an analysis of a monthly survey of expectations of financial analysts in Colombia to obtain valuable evidence to formulate guidelines on the expectations modelling in developing economies. The findings indicate that disagreements present inertia and that inflation volatility increases disagreements. However, the central bank’s stance, as established through a press release, can reduce disagreement. Moreover, if central bank communication is clear and there is a credible inflation target, there tend to be fewer disagreements.
dc.description.researchareaEconomía y desarrollo
dc.description.researchgroupidCOL0087561
dc.format.extent13
dc.format.mimetypeapplication/pdf
dc.identifier.citationGalvis Ciro, J. C., & Anzoátegui Zapata, J. C. (2019). Disagreement in inflation expectations: empirical evidence for Colombia. Applied Economics, 51(40), 4411–4424.
dc.identifier.doi10.1080/00036846.2019.1591610
dc.identifier.urihttp://repositorio.unaula.edu.co:4000/handle/123456789/3376
dc.language.isoen
dc.publisherRoutledge
dc.publisher.groupInvestigaciones económicas - Ginveco
dc.relatedidentifier.urlhttps://doi.org/10.1080/00036846.2019.1591610
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.accessrightshttp://purl.org/coar/access_right/c_abf2
dc.rights.creativecommonshttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.5/co/
dc.subject.proposalInflation expectations
dc.subject.proposalExpectations of financial analysts
dc.subject.proposalCentral Bank Communication
dc.subject.unescoInflation
dc.subject.unescourihttp://vocabularies.unesco.org/thesaurus/concept4464
dc.titleDisagreement in inflation expectations: empirical evidence for Colombia
dc.typeinfo:eu-repo/semantics/article
dc.type.coarhttp://purl.org/coar/resource_type/c_6501
dc.type.hasversioninfo:eu-repo/semantics/publishedVersion
dc.type.localArtículo de revista
dc.type.redcolhttp://purl.org/redcol/resource_type/ART
oaire.citationissue40
oaire.citationtitleRevista Applied Economics
oaire.citationvolume51
oaire.funderidentifier.local0000 0001 0179 9190
oaire.fundernameUniversidad Autónoma Latinomericana UNAULA
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
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