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Política Monetaria y Ciclos Económicos Regionales en Colombia

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  • Jorge David Quintero Otero

    ()

  • Andrés González Gómez

    ()

Abstract

Este trabajo busca determinar si la política monetaria puede proporcionar una explicación parcial a las diferencias que existen en el comportamiento de los ciclos económicos entre las regiones de Colombia, así como también establecer la importancia que tienen en la explicación de estas diferencias, los canales tradicionales de transmisión sugeridos en la literatura. Utilizando proyecciones directas, siguiendo la propuesta original de Jordà (2005), pero con una adaptación que permite estimar respuestas diferenciales en la actividad económica de las regiones, se encuentra que las acciones inesperadas de la autoridad monetaria no afectan de manera homogénea el ciclo económico en las regiones colombianas, y que la tasa de cambio es el canal de transmisión de la política monetaria que mejor explica estas diferencias.

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File URL: http://economia.uniandes.edu.co/publicaciones/dcede2012-42.pdf
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Bibliographic Info

Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 010322.

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Length: 40
Date of creation: 13 Nov 2012
Date of revision:
Handle: RePEc:col:000089:010322

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Keywords: choque monetario; proyecciones directas; ciclo económico; regiones;

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