Predicción de multiplicadores monetarios en Colombia, Ecuador y Venezuela
AbstractNumerous studies have been published regarding the predictability of money multipliers in industrialized nations, but not for developing economies where inflation is frequently a serious problem. This empirical study applies univariate ARMA techniques used in the U.S. and the Netherlands to model money multipliers in three South American economies. Dynamic simulations with the resulting equations compare favorably with random walk forecasts of the multipliers in each economy. Results indicate that policy analysts in developing countries can utilize Box-Jenkins techniques to help implement monetary policy
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Bibliographic InfoArticle provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.
Volume (Year): (1991)
Issue (Month): 35 ()
Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.
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- Thomas M Fullerton Jr & Eiichi Araki, 2004. "New Directions in Latin American Macroeconometrics," Development and Comp Systems 0408002, EconWPA.
- Thomas M Fullerton Jr & Sylvanus I Ikhide, 2004. "An Econometric Analysis of the Nigerian Consumer Price Index," Development and Comp Systems 0407010, EconWPA.
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