Weather shocks and inflation expectations in semi-structural models

Colombia is particularly affected by the El Niño Southern Oscillation (ENSO) weather fluctuations. In this context, this study explores how adverse weather events linked to ENSO affect inflation expectations in Colombia and how to incorporate these second-round effects into a small open economy New...

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Bibliographic Details
Main Authors: José Vicente Romero, Sara Naranjo-Saldarriaga
Format: Article
Language:English
Published: Elsevier 2024-06-01
Series:Latin American Journal of Central Banking
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666143823000339