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Dinero, precios, tasa de interés y actividad económica: un modelo del caso colombiano 1984:I-2003:IV

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  • José Fernando Escobar R.

    (Banco de la República Colombia)

  • Carlos Esteban Posada P.

    (Banco de la República Colombia)

Abstract

A partir de un esquema de oferta y demanda de dinero se estimó un modelo de relaciones de corto y largo plazo entre cinco variables: base monetaria, dinero (M1), tasa de interés, producto y nivel de precios al consumidor (cifras trimestrales desde 1984:I hasta 2003:IV). El modelo es del tipo denominado SVEC (Structural Vector Error Correction). Los parámetros de las funciones de oferta y demanda de dinero son compatibles con las restricciones teóricas convencionales. La estimación utilizó la metodología de tendencias estocásticas comunes para realizar un análisis de impulsorespuesta y un ejercicio de pronóstico con las posibles variables débilmente exógenas.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • José Fernando Escobar R. & Carlos Esteban Posada P., 2005. "Dinero, precios, tasa de interés y actividad económica: un modelo del caso colombiano 1984:I-2003:IV," Monetaria, CEMLA, vol. 0(1), pages 1-34, enero-mar.
    • Handle: RePEc:cml:moneta:v:xxviii:y:2005:i:1:p:1-34
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    References listed on IDEAS

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    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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