Underlying Inflation in Colombia: a common stochastic trend approach associated with structural restriction vectorial error correction model (SVEC)
AbstractIn this article the underlying inflation is estimated by means of a common stochastic trend scheme associated with a structural restriction vectorial error correction model (SVEC). The estimation possesses the desired characteristic concerning variance and it's related with the behavior of observed inflation. With the objective of proving the advantages of this methodology, two forecast series are calculated for inflation and underlying inflation with their respective confidence intervals; through bootstrappingtechniques based on two randomly selected sampling lenghts.
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Bibliographic InfoArticle provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.
Volume (Year): (2005)
Issue (Month): 63 (Julio-Diciembre)
Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
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