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¿Temor A La Flotacióno Al Inflación? La Importancia Del Traspaso Del Tipo De Cambio A Losprecios

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  • ARMANDOBAQUEIRO

    ()

  • ALEJANDRO DIAZ DELEON

    ()

  • ALBERTOTORRES

    ()

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    Abstract

    En este trabajo se analiza el traspaso" del tipo de cambio a los precios en la transición de escenarios de inflación alta a escenarios de inflación baja y estable. El propósito es probar si los regímenes de inflación baja y estable propician una disminución del "traspaso" del tipo de cambio a los precios, y así, a través de esta disminución, debilitan el fenómeno de "temor a la flotación" experimentado en algunas economías pequeñas y abiertas. Para un grupo de economías pequeñas y abiertas, que en años recientes han experimentado un proceso de reducción de inflación, se muestra que la intensidad del "traspaso" del tipo de cambio disminuye en la medida en que la inflación es menor. Así, se argumenta que una vez que las variables nominales se estabilizan el "temor a la inflación" que cualquier banco central debe tener no implica un "temor a la flotación"."

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    Bibliographic Info

    Article provided by BANCO DE LA REPÚBLICA - ESPE in its journal ENSAYOS SOBRE POLÍTICA ECONÓMICA.

    Volume (Year): (2004)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:col:000107:003836

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    Keywords: Inflación;

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