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La Tasa De Cambio Real De Equilibrio En Colombia Y Su Desalineamiento: Estimación A Través De Un Modelo Svec

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  • JUAN JOSÉ ECHAVARRÍA SOTO

    ()

  • ENRIQUE LÓPEZ ENCISO

    ()

  • MARTHA MISAS ARANGO

    ()

Abstract

En este documento se calcula la tasa de cambio real de equilibrio y su desalineamiento. Este últi-mo, entendido como la diferencia entre la tasa real de cambio observada y la tasa de equilibrio. Para llevar a cabo este ejercicio se utiliza el enfoque de tendencias comunes asociadas a un modelo VEC estructural (SVEC). El ejercicio, llevado a cabo para el período 1962-2005, indica que la tasa real de cambio ha estado sobrevaluada, principalmente en-tre 1962 y 1974, en 1983-1985 y en 1995-1997. Los resultados sugieren que la tasa de cambio real no ha estado lejos del equilibrio en los años recientes

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Bibliographic Info

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

Volume (Year): (2008)
Issue (Month): ()
Pages:

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Handle: RePEc:col:000107:005811

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Keywords: tasa real de cambio de equilibrio; desalineamiento; modelo VEC estructural.;

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Cited by:
  1. Juan José Echavarría & Andrés gonzález & Enrique López & Norberto Rodríguez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," BORRADORES DE ECONOMIA 009884, BANCO DE LA REPÚBLICA.
  2. Rafael Puyana, 2010. "El efecto Balassa-Samuelson en Colombia," BORRADORES DE ECONOMIA 007801, BANCO DE LA REPÚBLICA.
  3. Carolina Arteaga & Roderick Luna & Jair Ojeda-Joya, 2011. "Normas de cuenta corriente y tasa de cambio real de equilibrio en Colombia," BORRADORES DE ECONOMIA 009150, BANCO DE LA REPÚBLICA.
  4. Rafael Puyana Martínez-Villalba, 2011. "El efecto Balassa-Samuelson en Colombia," DOCUMENTOS CEDE 007959, UNIVERSIDAD DE LOS ANDES-CEDE.

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