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Inflacion Basica. Una Estimacion Basada En Modelos Var Estructurales

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  • Luis Fernando Melo Velandia
  • Franz Hamann Salcedo

Abstract

En este trabajo se presenta y se aplica para Colombia una técnica desarrollada por Quah y Vahey (1995) para medir la inflación básica a partir de la hipótesis de neutralidad del dinero en el largo plazo. Así, la inflación básica se define como aquella parte de la inflación observada que no tiene efectos sobre el producto real en el mediano y largo plazo. Esta definición es consistente con la idea de la existencia de una curva de Phillips vertical en el largo plazo. Dichas hipótesis se pueden incorporar como restricciones dinámicas impuestas sobre un sistema de vectores autorregresivos (VAR) y de esta forma obtener una medida de inflación básica que elimina la ambigüedad de escoger entre diferentes medidas alternativas.

Suggested Citation

  • Luis Fernando Melo Velandia & Franz Hamann Salcedo, 1998. "Inflacion Basica. Una Estimacion Basada En Modelos Var Estructurales," Borradores de Economia 2848, Banco de la Republica.
    • Handle: RePEc:col:000094:002848
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    References listed on IDEAS

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    Cited by:

    1. Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "La tasa de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(57), pages 282-319, December.
    2. Martha Misas & Enrique López, 2000. "La Utilización De La Capacidad Instalada De La Industria En Colombia: Un Nuevo Enfoque," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 18(38), pages 5-44, December.
    3. Martha Misas A & Enrique López E, 2001. "Desequilibrios Reales En Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 19(40), pages 5-45, December.
    4. Martha Misas Arango & Enrique López Enciso & Juana Téllez Corredor & José Fernando Escobar, 2005. "La Inflación Subyacente en Colombia: Un Enfoque de Tendencias Estocásticas Comunes Asociadas a un VEC Estructural," Borradores de Economia 324, Banco de la Republica de Colombia.
    5. Luis Arango & Andres Gonzalez, 2001. "Some evidence of smooth transition nonlinearity in Colombian inflation," Applied Economics, Taylor & Francis Journals, vol. 33(2), pages 155-162.
    6. Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "El tipo de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Investigación Conjunta-Joint Research, in: Centro de Estudios Monetarios Latinoamericanos (CEMLA) (ed.), Estimación y Uso de Variables no Observables en la Región, edition 1, volume 1, chapter 12, pages 365-395, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    7. Norberto Rodríguez-Niño & Alejandra Ramírez-Ramírez, 2018. "Metodologías semi-estructurales para estimar la Inflación básica mensual en Colombia," Borradores de Economia 1040, Banco de la Republica de Colombia.

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