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Estimación estructural y análisis de la curva de Phillips neokeynesiana para Colombia

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  • Jesús Antonio Bejarano Rojas

Abstract

En este artículo se estiman, para Colombia, los parámetros profundos de la curva de Phillips neokeynesiana propuesta por Gali y Gertler (1999). La estimación de los parámetros implica que más del setenta por ciento de las firmas en Colombia mantiene sus precios fijos durante aproximadamente tres trimestres. Adicionalmente, se estiman los parámetros estructurales que soportan la relación positiva que hay entre la brecha del costo marginal real y la brecha del producto a partir de un modelo de equilibrio general propuesto por Gali y Monacelli (2002). Los resultados obtenidos muestran una relación positiva de corto plazo entre el costo marginal real y el producto en Colombia.

Suggested Citation

  • Jesús Antonio Bejarano Rojas, 2005. "Estimación estructural y análisis de la curva de Phillips neokeynesiana para Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 23(48), pages 64-117, June.
    • Handle: RePEc:col:000107:002601
    DOI: 10.32468/Espe.4802
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    Cited by:

    1. International Monetary Fund, 2006. "Colombia; Selected Issues," IMF Staff Country Reports 06/401, International Monetary Fund.
    2. Enrique López & Andrés Salamanca, 2009. "El efecto riqueza de la vivienda en Colombia," Coyuntura Económica, Fedesarrollo, December.
    3. Luis Eduardo Arango & Carlos Esteban Posada, 2006. "La Tasa de Desempleo de Largo Plazo en Colombia," Borradores de Economia 388, Banco de la Republica de Colombia.
    4. Luis Eduardo Arango & Carlos Esteban Posada, 2006. "The Time-Varying Long-Run Unemployment Rate: The Colombian Case," Borradores de Economia 389, Banco de la Republica de Colombia.
    5. Valdivia, Daney, 2015. "Handbook on DSGE models: some useful tips in modeling a DSGE models," MPRA Paper 61347, University Library of Munich, Germany.
    6. Martha López P., 2004. "Efficient policy rule for inflation targeting in Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 22(45), pages 80-115, June.
    7. Martha López, 2006. "House Prices and Monetary Policy in Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 24(50), pages 212-241, June.
    8. Hernán Rincón-Castro & Juan Pablo Ángel-Mojica, 2023. "¿Sobre quién recaería la carga de reducir el impuesto sobre la renta de las empresas?," Borradores de Economia 1260, Banco de la Republica de Colombia.
    9. repec:bdr:ensayo:v::y:2006:i:50:p:212-241 is not listed on IDEAS
    10. Luis Eduardo Arango & Carlos Esteban Posada, 2007. "Inflación y desempleo en Colombia: NAIRU y tasa de desempleo compatible con alcanzar la meta de inflación (1984-2005)," Borradores de Economia 4021, Banco de la Republica.
    11. Julián Pérez Amaya, 2006. "Evaluación De Reglas De Tasa De Interés En Un Modelo De Economía Pequeña Y Abierta," Borradores de Economia 2638, Banco de la Republica.
    12. Galvis Ciro, Juan Camilo, 2011. "Estimación de la curva de Phillips neokeynesiana para Colombia: 1990-2006," Revista Lecturas de Economía, Universidad de Antioquia, CIE, February.
    13. Luis Eduardo Arango & Carlos Esteban Posada, 2006. "The Time-Varying Long-Run Unemployment Rate: The Case Colombian," Borradores de Economia 3629, Banco de la Republica.
    14. Galvis Ciro, Juan Camilo & Bedoya Ospina, Juan Guillermo & Loaiza Maya, Rubén Albeiro, 2011. "Una regla de política fiscal óptima para la economía colombiana: aproximación desde un modelo de equilibrio general dinámico y estocástico," Revista Lecturas de Economía, Universidad de Antioquia, CIE, November.
    15. Paulina Restrepo Echavarría, 2005. "Disinflation Costs Under Inflation Targeting in Small Open Economy Economy," Borradores de Economia 328, Banco de la Republica de Colombia.
    16. Valdivia, Daney & Pérez, Danyira, 2013. "Dinámica económica y coordinación de políticas fiscal – monetaria en América Latina: Evaluación a través de una DSGE [Dynamic economic and coordination on fiscal – monetary policies in Latin Améric," MPRA Paper 51562, University Library of Munich, Germany.
    17. Leonardo Barreto, 2018. "Nonconventional monetary policy in a regime-switching model with endogenous financial crises," Documentos CEDE 16382, Universidad de los Andes, Facultad de Economía, CEDE.
    18. Martha López, 2016. "Fiscal Multipliers, Oil Revenues and Balance Sheet Effects," Borradores de Economia 976, Banco de la Republica de Colombia.
    19. Paulina Restrepo Echavarría, 2005. "Disinflation Costs Under Inflation Targeting In A Small Open Economy," Borradores de Economia 2374, Banco de la Republica.
    20. Mauricio SANTAMARIA SALAMANCA & Gabriel PIRAQUIVE GALEANO & Gustavo HERNANDEZ DIAZ & Norberto ROJAS DELGADILLO, 2013. "Crecimiento económico y desempleo: Retos a largo plazo," Archivos de Economía 11202, Departamento Nacional de Planeación.
    21. Julio César Alonso & Andrés Mauricio Arcila, 2011. "Sciplore Mindmapping: Una forma fácil de organizar una revisión bibliográfica," Apuntes de Economía 9104, Universidad Icesi.

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    More about this item

    Keywords

    Curva de Phillips neokeynesiana; inflación; costo marginal real;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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