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Es Lineal la Curva de Phillips en Colombia?

Author

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  • Mario Nigrinis Ospina

Abstract

Este trabajo presenta evidencia empírica sobre la no linealidad de la curva de Phillips en Colombia partiendo de la hipótesis de capacidad restringida. Así mismo, los resultados sugieren un desplazamiento de la curva hacia abajo a partir de 1999. De esta manera la economía colombiana puede haber encontrado un menor nivel de inflación bajo condiciones de pleno empleo de los factores. La técnica econométrica que se empleó para probar la hipótesis fue el Filtro de Kalman con parámetro variable en el tiempo. Los aportes del trabajo al estado del arte del estudio de la curva de Phillips en Colombia son tres. Primero la técnica de estimación utilizada. Segundo se prueba la existencia de asimetrías a partir de la hipótesis de capacidad restringida. Finalmente se encuentra un nivel de UCI de inflación estable.

Suggested Citation

  • Mario Nigrinis Ospina, 2004. "Es Lineal la Curva de Phillips en Colombia?," Borradores de Economia 2584, Banco de la Republica.
    • Handle: RePEc:col:000094:002584
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    More about this item

    Keywords

    Curva de Phillips;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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