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La tasa de interés en Colombia. 1958-1992

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  • Carlos Esteban Posada P.
  • Martha Misas A.

Abstract

A continuación se presenta una explicación del nivel anual y de las variaciones de la tasa de interés media colombiana en el periodo 1958-1992. En la primera parte se ofrece evidencia empírica favorable a la hipótesis de Fisher para explicar el comportamiento de la tasa de interés nominal; en efecto, se muestra que ésta ha dependido de la tasa real interna y de la tasa de inflación y que el coeficiente de determinación de la tasa de inflación sobre la tasa de interés es 1 en el largo plazo. En la segunda parte se muestra que la tasa de interés real interna ha dependido de la tasa real externa y que ha oscilado en torno a la suma de ésta y una magnitud constante. Por último, se consigna evidencia favorable a la hipótesis de que la tasa de interés real afecta negativamente la tasa de crecimiento del producto.

Suggested Citation

  • Carlos Esteban Posada P. & Martha Misas A., 1995. "La tasa de interés en Colombia. 1958-1992," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 14(27), pages 63-94, June.
    • Handle: RePEc:bdr:ensayo:v:14:y:1995:i:27:p:63-94
    DOI: 10.32468/Espe.2703
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