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Los costos de la desinflación en Colombia según el modelo Buiter-Miller

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  • Jaime Sarmiento Espinel

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  • Alejandro Ramírez Vigoya*
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    Abstract

    En este artículo analizamos los costos del proceso desinflacionario colombiano entre 1998 y 2003, utilizamos un modelo VAR estructural con restricciones de corto y largo plazo basado en el modelo Buiter-Miller (1982), el cual analiza los efectos de una desaceleración del crecimiento monetario sobre la tasa de interés real, la tasa de cambio real, la producción y los precios. Por medio de la contabilidad de innovaciones concluimos que los choques de la tasa de interés real y del crecimiento de la base monetaria fueron los principales causantes de la desinflación.

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    File URL: http://www.fce.unal.edu.co/media/files/documentos/Cuadernos/43/v24n43_sarmiento_2005.pdf
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    Bibliographic Info

    Article provided by UN - RCE - CID in its journal REVISTA CUADERNOS DE ECONOMÍA.

    Volume (Year): (2005)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:col:000093:005831

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    Keywords: Desinflación; modelo Buiter-Miller; VAR estructural; contabilidad de innovaciones.;

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