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Dinero, Inflación y Actividad Económica

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Author Info
Carlos Esteban Posada ()

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Abstract

En eatas páginas se presentan la teoría y algunos modelos convencionales sobre inflación y actividad económica, y el caso colombiano de los últimos decenios. La teoría y la evidencia empírica colombiana (1941-1997)sugieren que debemos esperar tanto "curvas de Phillips " como "curvas anti-Phillips" en el corto plazo, y neutralidad monetaria en el largo plazo. Además, según implicación de uno de los modelos teóricos, el grado de inercia inflacionaria no es obstáculo par que se cumpla la neutralidad en el largo plzao. Finalmente, el modelo de tasa de cambio nominal exógena permite mostrar una de las condiciones bajo las cuales esta tasa pude ser ó dejar de ser creíble y, en este último caso, dar lugar a modificaciones de su nivel.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 106.

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Handle: RePEc:bdr:borrec:106

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  1. Ball, Laurence, 1991. "The Genesis of Inflation and the Costs of Disinflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(3), pages 439-52, August. [Downloadable!] (restricted)
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This page was last updated on 2009-12-14.


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