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Fuentes de fluctuaciones económicas en América Central

Author

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  • Wilfredo Toledo

Abstract

Este artículo estudia los determinantes de las fluctuaciones que se observan en la inflación y la producción agregada. Para examinar ese tema se estimaron dos sistemas de vectores autorregresivos estructurales (SVAR) utilizando datos de panel de América Central. Uno de los modelos incluye los precios y la producción, mientras que el otro anade M2 y el precio del petróleo a ese sistema. Los resultados de los análisis sugieren que los precios en esa región se determinan por el lado de la demanda, mientras que la producción parece depender principalmente de impulsos de oferta. Además, se encontró evidencia de que el precio del petróleo no afecta significativamente el nivel general de precios en dicha zona.

Suggested Citation

  • Wilfredo Toledo, 2014. "Fuentes de fluctuaciones económicas en América Central," Revista Ecos de Economía, Universidad EAFIT, June.
    • Handle: RePEc:col:000442:012028
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    File URL: http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2512/2378
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    More about this item

    Keywords

    Fluctuaciones económicas; modelos SVAR; datos de panel.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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