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Heterogeneidad observada y no observada en la formación de los precios del IPC colombiano

In: Formación de precios y salarios en Colombia T.1

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  • Julio-Román, Juan Manuel

Abstract

Se estudian las reglas de precios de los minoristas colombianos de bienes y servicios a través de la función de Hazard. Se cuenta reportes mensuales de precios de la totalidad de los bienes y servicios considerados en el cálculo del IPC colombiano desde Marzo de 1999 hasta Mayo de 2008. Esta base de datos es particularmente útil para estudiar la presencia de dependencia del estado, particularmente costos de menú, que cubren un período de inflación decreciente, Marzo de 1999 a Junio de 2006, y otro de inflación creciente, Junio de 2006 a Mayo de 2008.

Suggested Citation

  • Julio-Román, Juan Manuel, 2011. "Heterogeneidad observada y no observada en la formación de los precios del IPC colombiano," Chapters, in: López Enciso, Enrique & Ramírez Giraldo, María Teresa (ed.), Formación de precios y salarios en Colombia T.1, volume 1, chapter 7, pages 217-247, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:bdrcap:2011a-04-217-247
    DOI: 10.32468/Ebook.664-244-6
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    References listed on IDEAS

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    1. Fougere, Denis & Le Bihan, Herve & Sevestre, Patrick, 2007. "Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 247-264, July.
    2. Taylor, John B., 1999. "Staggered price and wage setting in macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 15, pages 1009-1050, Elsevier.
    3. Juan Manuel Julio & Héctor Manuel Zárate & Manuel Dario Hernández, 2010. "The Stickiness of Colombian Consumer Prices," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 28(63), pages 100-153, December.
    4. Mikhail Golosov & Robert E. Lucas Jr., 2007. "Menu Costs and Phillips Curves," Journal of Political Economy, University of Chicago Press, vol. 115(2), pages 171-199.
    5. Fuhrer, Jeffrey C & Moore, George R, 1995. "Monetary Policy Trade-offs and the Correlation between Nominal Interest Rates and Real Output," American Economic Review, American Economic Association, vol. 85(1), pages 219-239, March.
    6. Daniel Dias, 2005. "Time or State Dependent Price Setting Rules? Evidence from Portuguese Micro Data," Working Papers w200508, Banco de Portugal, Economics and Research Department.
    7. Heckman, James J. & Singer, Burton, 1984. "Econometric duration analysis," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 63-132.
    8. Martin S. Eichenbaum & Jonas D. M. Fisher, 2003. "Testing the Calvo model of sticky prices," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 27(Q II), pages 40-53.
    9. Carlos Carvalho & Fernanda Nechio, 2011. "Aggregation and the PPP Puzzle in a Sticky-Price Model," American Economic Review, American Economic Association, vol. 101(6), pages 2391-2424, October.
    10. Carlos Carvalho, 2005. "Heterogeneity in Price Setting and the Real Effects of Monetary Shocks," Macroeconomics 0509017, University Library of Munich, Germany, revised 10 Oct 2005.
    11. Carvalho Carlos, 2006. "Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(1), pages 1-58, December.
    12. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
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    Cited by:

    1. Parra Álvarez, Juan Carlos & Misas A., Martha & López-Enciso, Enrique Antonio, 2011. "Heterogeneidad en la fijación de precios en Colombia : análisis de sus determinantes a partir de modelos de conteo," Chapters, in: López Enciso, Enrique & Ramírez Giraldo, María Teresa (ed.), Formación de precios y salarios en Colombia T.1, volume 1, chapter 8, pages 251-293, Banco de la Republica de Colombia.
    2. Juan Manuel Julio-Román, 2019. "Estimating the Exchange Rate Pass-Through: A Time-Varying Vector Auto-Regression with Residual Stochastic Volatility Approach," Borradores de Economia 1093, Banco de la Republica de Colombia.
    3. Andrés González & Lavan Mahadeva & Juan D. Prada & Diego Rodríguez, 2011. "Policy Analysis Tool Applied to Colombian Needs: Patacon Model Description," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 29(66), pages 222-245, December.

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    More about this item

    Keywords

    Fijación de precios; Productos; Arroz; Duración de precios; Colombia; Price fixing; Products; Rice; Price duration; Colombia;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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