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Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV

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  • Harold Stevens Ávila Aguirre

Abstract

En este artículo se elabora un modelo econométrico para determinar el comportamiento de la demanda de dinero en Colombia, utilizando como marco teórico los fundamentos propuestos por la vertiente monetarista en la reformulación de la teoría cuantitativa del dinero desarrollada por Milton Friedman. El método que se usa para hacer la estimación es el de mínimos cuadrados ordinarios, y la muestra toma datos trimestrales desde 2000: I a 2010: IV. Como variables de escala se utilizan el PIB real y de costo de oportunidad a la tasa de interés de los CDT y al IPVN; como variable aproximada del nivel de precios se asume el IPC.

Suggested Citation

  • Harold Stevens Ávila Aguirre, 2013. "Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, June.
    • Handle: RePEc:col:000152:013060
    as

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    References listed on IDEAS

    as
    1. Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Chapters, in: The Demand for Money: Some Theoretical and Empirical Results, pages 1-29, National Bureau of Economic Research, Inc.
    2. Eduardo Lora, 1990. "La velocidad de circulación y la demanda de dinero en el corto y en el largo plazo en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 9(18), pages 193-227, December.
    3. Martha Misas A. & Hugo Oliveros C. & José Darío Uribe E., 1994. "Especificación y estabilidad de la demanda por dinero en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 13(25), pages 97-120, June.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Milton Friedman, 1971. "Correspondence of the Monetary Theory of Nominal Income with Experience," NBER Chapters, in: A Theoretical Framework for Monetary Analysis, pages 46-48, National Bureau of Economic Research, Inc.
    6. Friedman, Milton, 1971. "A Monetary Theory of Nominal Income," Journal of Political Economy, University of Chicago Press, vol. 79(2), pages 323-337, March-Apr.
    7. Andrés González & Luis Fernando Melo & Carlos Esteban Posada, 2006. "Inflación y dinero en Colombia: otro modelo P-estrella," Borradores de Economia 2851, Banco de la Republica.
    8. Milton Friedman, 1971. "Some Dynamic Implications of the Monetary Theory of Nominal Income," NBER Chapters, in: A Theoretical Framework for Monetary Analysis, pages 40-43, National Bureau of Economic Research, Inc.
    9. Hernández Monsalve, Mauricio A. & Posada Posada, Carlos Esteban, 2006. "La demanda por dinero en Colombia: un poco más de evidencia en el período reciente," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, July.
    10. Martha Misas & Rodrigo Suescún, 1993. "Funciones de demanda de dinero y el comportamiento estacional del mercado monetario," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 12(23), pages 55-79, June.
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    More about this item

    Keywords

    demanda de dinero; teoría cuantitativa del dinero; MiltonFriedman; monetarismo; activos financieros; activos reales.;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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