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El saldo de la balanza de pagos y la inflación como medios de solución de los desequilibrios monetarios: Chile 1950-1970

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  • Guillermo Le Fort

Abstract

Este trabajo analiza un caso intermedio entre las economías abierta y cerrada presentadas en los textos, considerándose a la inflación y a la balanza de pagos como variables que simultáneamente responden al desequilibrio monetario. El modelo que se construye es una variante del enfoque monetario sujeta a presupuestos menos restrictivos, su estimación se realiza por el método de variables instrumentales aunque se incluyen resultados obtenidos por máxima verosimilitud. Los resultados llevan a concluir que la balanza de pagos responde al proceso de ajuste del mercado monetario, que la inflación doméstica no es determinada por la inflación de paridad y que el cambio en los precios es el mecanismo más expedito para ajustar los saldos monetarios a nivel deseado.

Suggested Citation

  • Guillermo Le Fort, 1983. "El saldo de la balanza de pagos y la inflación como medios de solución de los desequilibrios monetarios: Chile 1950-1970," Estudios de Economia, University of Chile, Department of Economics, vol. 10(2 Year 19), pages 51-72, December.
    • Handle: RePEc:udc:esteco:v:10:y:1983:i:2:p:51-72
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