Borio, C., P. Disyatat, M. Drehmann, and M. Juselius, 2016, “Monetary Policy, the Financial Cycle and Ultra-Low Interest Rates,” BIS Working Papers No. 569.
González, A. and F. Hamann, 2011, “Lack of Credibility, Inflation Persistence and Disinflation in Colombia,” Borradores de Economía 658. Bogota, Colombia: Banco de la República.
Holston, K., T. Laubach, and J. Williams, 2016, “Measuring the Natural Rate of Interest: International Trends and Determinants,” Federal Reserve Bank of San Francisco Working Papers, No. 2016–11.
Magud, N., and E. Tsounta, 2012, “To Cut or Not to Cut? That is the (Central Bank’s) Question: In Search of the Neutral Interest Rate in Latin America,” IMF Working Paper No. 12/243 (Washington: International Monetary Fund).
Roch, Francisco, 2016, “Monetary and Financial Conditions in Colombia,” IMF Country Report No. 16/134 (Washington: International Monetary Fund).
Prepared by Francisco Roch.