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¿Temor a la flotación o a la inflación? La importancia del “traspaso” del tipo de cambio a los precios

Author

Listed:
  • Armando Baqueiro
  • Alejandro Díaz de León
  • Alberto Torres

Abstract

En este trabajo se analiza el traspaso" del tipo de cambio alos precios en la transición de escenarios de inflación alta a escenariosde inflación baja y estable. El propósito es probar silos regímenes de inflación baja y estable propician una disminucióndel "traspaso" del tipo de cambio a los precios, yasí, a través de esta disminución, debilitan el fenómeno de"temor a la flotación" experimentado en algunas economíaspequenas y abiertas. Para un grupo de economías pequenasy abiertas, que en anos recientes han experimentado un procesode reducción de inflación, se muestra que la intensidad del "traspaso" del tipo de cambio disminuye en la medida en que la inflaciónes menor. Así, se argumenta que una vez que las variables nominales seestabilizan el "temor a la inflación" que cualquier banco central debe tenerno implica un "temor a la flotación"."

Suggested Citation

  • Armando Baqueiro & Alejandro Díaz de León & Alberto Torres, 2003. "¿Temor a la flotación o a la inflación? La importancia del “traspaso” del tipo de cambio a los precios," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 21(44), pages 64-94, December.
    • Handle: RePEc:col:000107:005299
    DOI: 10.32468/Espe.4402
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    References listed on IDEAS

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    More about this item

    Keywords

    Inflación; tipo de cambio; temor a la flotación.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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