Cambios de la Tasa de Política y su Efecto en la Estructura a Plazo de Colombia

Abstract

This paper analyzes the effects of changes of Banco de la República’s policy interest rate in the term structure. The evidence suggests that, in daily frequency, these reactions are not significant. However, with weekly data we found an anticipated reactiTasas de Política, estructura a plazo de tasas de interés, hipótesis de paridad descubierta, transparencia, credibilidad