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No Estaba Muerta, ...: La Teoría Cuantitativa y la Relación entre Dinero e Inflación

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  • Jorge Hermann
  • Rómulo Chumacero

Abstract

Este documento muestra un hecho estilizado robusto en la relación entre dinero e inflación en Chile: la inflación precede (estadísticamente) al crecimiento del dinero y no viceversa. Este hallazgo es robusto a la consideración del tipo de política monetaria, período muestral, agregado monetario, consideración de segundos momentos condicionales o la inclusión de metas de inflación. A su vez, se presenta una motivación teórica de porqué la evolución de los agregados monetarios no necesariamente está asociada a la inflación.

Suggested Citation

  • Jorge Hermann & Rómulo Chumacero, 2005. "No Estaba Muerta, ...: La Teoría Cuantitativa y la Relación entre Dinero e Inflación," Working Papers Central Bank of Chile 324, Central Bank of Chile.
    • Handle: RePEc:chb:bcchwp:324
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    References listed on IDEAS

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