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La elasticidad de Frisch y la transmisión de la política monetaria en Colombia

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  • Juan David Prada Sarmiento

    ()

  • Luis Eduardo Rojas Dueñas

    ()

Abstract

Este artículo estudia el mecanismo de transmisión de la política monetaria a través delos salarios reales y la oferta de trabajo. El trade-off inflación producto depende de lacalificación de los trabajadores y de la elasticidad de la oferta de trabajo al salario real.Se plantea un modelo teórico simple que incorpora la segmentación entre trabajadorescalificados y no calificados y las restricciones en el acceso al sistema financiero. Utilizandoel método generalizado de momentos se estima la elasticidad de Frisch de la oferta detrabajo. Se construyeron series de salarios representativos y de horas ofrecidas al mercado,utilizando una aproximación diferente a la encontrada en la literatura en general, queutiliza el número de horas trabajadas. La estimación puntual arrojó una elasticidad deFrisch de 0;31 y una elasticidad de sustitución intertemporal de 0;42. La oferta laborales inelástica en Colombia, generando que los costos en términos de producción de laestabilización de precios sean importantes.

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Bibliographic Info

Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 005404.

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Length: 56
Date of creation: 19 Mar 2009
Date of revision:
Handle: RePEc:col:000094:005404

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Keywords: Elasticidad de Frisch; oferta laboral; política monetaria; Colombia;

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Cited by:
  1. Andrés González & Sergio Ocampo & Diego Rodríguez & Norberto Rodríguez, 2012. "Asimetrías del empleo y el producto, una aproximación de equilibrio general," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE.
  2. Luis Eduardo Arango & Wilmar Cabrera & Esteban Gómez & Juan Carlos Mendoza, 2013. "Tasa de interés de largo plazo, interés técnico y pasivo pensional," Borradores de Economia 796, Banco de la Republica de Colombia.
  3. Luis Eduardo Arango & Wilmar Cabrera & Esteban Gómez & Juan Carlos Mendoza, 2013. "Tasa de interés de largo plazo, interés técnico y pasivo pensional," BORRADORES DE ECONOMIA 011101, BANCO DE LA REPÚBLICA.

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