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El efecto riqueza de la vivienda en Colombia

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  • Enrique López

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  • Andrés Salamanca

    ()

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    Abstract

    Este documento analiza la riqueza en vivienda como un canal de trasmisión de la política monetaria en Colombia, a partir de la evidencia de un modelo de equilibrio general dinámico y estocástico calibrado para la economía colombiana. La medición del efecto riqueza para Colombia arrojó como resultado una propensión marginal a consumir anual igual a 0,012. Con estos resultados, se encuentra que el efecto riqueza estimado es poco significativo en relación con las medidas realizadas para otros países. El análisis de impulso-respuesta mostró que: i) el efecto riqueza posee una duración esperada corta y con efectos asimétricos sobre el consumo; ii) el canal de oferta de vivienda de la política monetaria es pequeño aunque sus efectos de jalonamiento sobre los demás sectores de la economía son importantes; y iii) los efectos del apalancamiento del crédito hipotecario son pequeños.

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    File URL: http://www.fedesarrollo.org.co/wp-content/uploads/2012/03/El-efecto-riqueza-de-la-vivienda-en-Colombia_L%C3%B3pez_E-Salamanca_A-C.E.-2do-semestre-2009.pdf
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    Bibliographic Info

    Article provided by FEDESARROLLO in its journal COYUNTURA ECONÓMICA.

    Volume (Year): (2009)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:col:000438:009892

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    1. Enrique López Enciso & Andrés Salamanca Lugo, 2009. "El efecto riqueza de la vivienda en Colombia," BORRADORES DE ECONOMIA 005301, BANCO DE LA REPÚBLICA.
    2. Hernando Zuleta & Julián David Parada & Jacobo Campo & Andrés García, 2009. "Capital natural, capital humano y participación de los factores. Una revisión de los métodos de medición del crecimiento económico," DOCUMENTOS DE TRABAJO 004713, UNIVERSIDAD DEL ROSARIO.
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    Cited by:
    1. Aquiles Arrieta Barcasnegras, 2012. "La relación entre los flujos de capital y el precio de la vivienda: el caso colombiano," Revista de Economía del Caribe, UNIVERSIDAD DEL NORTE.

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