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El Canal De Oferta Agregada En Un Modelo De Mecanismos De Transmisión De La Política Monetaria En Colombia

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  • Jesús Antonio Bejarano Rojas

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    Abstract

    ¿Cuál es el efecto de un aumento en la productividad total de los factores (PTF) sobre la inflación? Esta pregunta se responde analíticamente a través de un modelo macroeconómico estimado y calibrado para Colombia. En el cual se desarrollan los mecanismos de transmisión de la política monetaria por el lado de la oferta agregada. Usando el canal de la oferta agregada se muestra el efecto que tienen los choques a la productividad sobre la inflación. Por otro lado se analiza el efecto del choque al componente permanente de la PTF sobre la inflación cuando los salarios son rígidos y cuando son completamente flexibles.

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    Bibliographic Info

    Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 002461.

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    Length: 28
    Date of creation: 30 Apr 2003
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    Handle: RePEc:col:000094:002461

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    1. Laurence Ball & Robert Moffitt, 2001. "Productivity Growth and the Phillips Curve," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics 450, The Johns Hopkins University,Department of Economics.
    2. Orphanides, Athanasios, 2000. "The quest for prosperity without inflation," Working Paper Series, European Central Bank 0015, European Central Bank.
    3. Miguel Urrutia, 2002. "UNA VISIÓN ALTERNATIVA: La Política Monetaria y Cambiaria en la Última Década," BORRADORES DE ECONOMIA 003731, BANCO DE LA REPÚBLICA.
    4. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 91(1), pages 39-69, February.
    5. Slevin, Geraldine, 2001. "Potential Output and the Output Gap in Ireland," Research Technical Papers 5/RT/01, Central Bank of Ireland.
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    7. Hercovitz, Z. & Sampson, M., 1989. "Output Growth, The Real Wage, And Employment Fluctuations," RCER Working Papers 179, University of Rochester - Center for Economic Research (RCER).
    8. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    9. Javier Gómez & Juan Manuel Julio, . "Transmission Mechanisms and Inflation Targeting: The Case of Colombia Disinflation," Borradores de Economia 168, Banco de la Republica de Colombia.
    10. Javier Gómez & José Darío Uribe & Hernando Vargas, 2002. "The Implementation Of Inflation Targeting In Colombia," BORRADORES DE ECONOMIA 003603, BANCO DE LA REPÚBLICA.
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