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La Relación Inflación-Crecimiento: Un Resúmen con algunas Implicaciones para Colombia

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  • Zeinab Partow

Abstract

¿Cuál es la relación entre la inflación y el crecimiento económico? En la tradición keynesiana, la curva de Phillips normal plantea que un alta inflación se relaciona con una reducción del desempleo y un aumento de la actividad productiva, equivaliendo ambos a mayor crecimiento económico. Tobin (1965) y Mundell (1965) también arguyen que existe una relación positiva entre la inflación y el producto. Por otra parte, los primeros modelos de expectativas racionales de Lucas (1972, 1973) y Barro (1976, 1980) y el trabajo de Sidrauski (1967) no predicen relación alguna entre el crecimiento anticipado del dinero del producto. Modelos más recientes demuestran que un alto crecimiento del dinero puede tener un efecto negativo sobre el crecimiento económico. Este trabajo está dirigido a lectores que buscan una introducción al tema de la inflación y su relación con el crecimiento económico. Por lo tanto se resume la literatura teórica y empírica sobre el tema en la sección a continuación, y se aumenta la evidencia empiríca en la sección III con los resultados de regresiones de corte trsversal para noventa y cinco países en el período 1960-1989. La cuarta sección preesenta los antecedentes macroeconómicos para Colombia con énfasis en la relación entre la inflación y el crecimiento, segida en la última sección de unas conclusiones para el país recogidas del análisis de corte transversal y de estudios recientes de series de tiempo.

Suggested Citation

  • Zeinab Partow, 1995. "La Relación Inflación-Crecimiento: Un Resúmen con algunas Implicaciones para Colombia," Borradores de Economia 023, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:023
    DOI: 10.32468/be.23
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    References listed on IDEAS

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