IDEAS home Printed from https://ideas.repec.org/p/bdr/borrec/119.html
   My bibliography  Save this paper

Tecnología de Transacciones Endógena y los Costos de la Inflación

Author

Listed:
  • Gustavo Suárez

Abstract

Alterar la tecnología de transacciones es un proceso endógeno motivado por el deseo de los agentes privados de reducir los requerimientos de efectivo para llevar a cabo un monto dado de transacciones en la economía. Generar este cambio en la tecnología de transacciones es costoso y un mayor nivel de inflación, al aumentar la disposición a invertir recursos en dicho cambio, le genera a la sociedad una reducción en los recursos disponibles para el consumo y por lo tanto en su bienestar. Este trabajo desarrolla la idea anterior presentando un modelo que incluye en la tecnología de transacciones el número de papeles alternativos al efectivo en la provisión de liquidez. El número de papeles se determina por una condición de libre entrada a la intermediación financiera y es creciente en la inflación. El costo de la inflación se deriva de la necesidad de invertir más recursos para desarrollar los nuevos papeles. Finalmente, de aumentar la inflación, la especificación adoptada permite decir que el beneficio de reducirla es menor que el costo de haberla incrementado inicialmente.

Suggested Citation

  • Gustavo Suárez, 1999. "Tecnología de Transacciones Endógena y los Costos de la Inflación," Borradores de Economia 119, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:119
    DOI: 10.32468/be.119
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/be.119
    Download Restriction: no
    File URL: https://libkey.io/10.32468/be.119?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Costos de la Inflación; Tecnología de Transacciones.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.