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Un aporte al debate sobre la neutralidad del dinero: evidencia empírica del caso colombiano en el periodo 1970-2000

Author

Listed:
  • Alejandro Marín Calad
  • Álvaro Hurtado Rendon

Abstract

En este trabajo se realiza la contrastación empírica para el caso colombiano de una de las discusiones centrales de la macroeconomía, donde el dinero y el uso de la política monetaria se convierten en el eje central del debate. Para ilustrar la discusión en Colombia se analizó el periodo 1970-2000, encontrándose que en la economía colombiana existe una relación positiva entre inflación y cantidad de dinero en circulación. Dicha relación sugiere que un incremento de 1%en la cantidad de dinero en circulación, provoca un aumento en el valor esperado de los precios de 0.69%. Lo anterior implica que para elevar los salarios se debe tener como referencia la evolución de la producción con el objetivo de no amenazar las metas de inflación.

Suggested Citation

  • Alejandro Marín Calad & Álvaro Hurtado Rendon, 2006. "Un aporte al debate sobre la neutralidad del dinero: evidencia empírica del caso colombiano en el periodo 1970-2000," Ensayos de Economía 8272, Universidad Nacional de Colombia Sede Medellín.
    • Handle: RePEc:col:000418:008272
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    More about this item

    Keywords

    Política monetaria; inflación; producción; Neutralidad.;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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