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Importancia de las rigideces nominales y reales en Colombia: un enfoque de equilibrio general dinámico y estocástico

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  • Pietro Bonaldi
  • Andrés González

    ()

  • Diego Rodríguez

Abstract

Este artículo pretende determinar qué conjunto de rigideces nominales y reales se debe incluir en un modelo DSGE para replicar la dinámica de las variables agregadas de la economía colombiana. Con este fin, se estiman varios modelos DSGE con distintas combinaciones de rigideces nominales y reales usando métodos bayesianos. Los resultados indican que el ajuste empírico del modelo está determinado, en orden de importancia, por la rigidez de salarios, la rigidez de los precios domésticos, los costos de ajuste a la inversión, el tipo de indexación que se tenga y la rigidez de los precios importados. Con respecto a la dinámica de corto plazo del modelo, la sensibilidad ante un choque de política monetaria depende en mayor medida de las rigideces de salarios, del tipo de indexación de precios y salarios y de los costos de ajuste de la inversión.

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  • Pietro Bonaldi & Andrés González & Diego Rodríguez, 2011. "Importancia de las rigideces nominales y reales en Colombia: un enfoque de equilibrio general dinámico y estocástico," Revista Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 29(66), pages 48-78, December.
  • Handle: RePEc:bdr:ensayo:v:29:y:2011:i:66:p:48-78
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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, vol. 30(68), pages 218-272, June.
    2. Andrés González & Lavan Mahadeva & Juan D. Prada & Diego Rodríguez, 2011. "Policy Analysis Tool Applied to Colombian Needs: Patacon Model Description," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 29(66), pages 222-245, December.
    3. repec:bdr:ensayo:v:35:y:2017:i:83:p:161-187 is not listed on IDEAS
    4. Juan José Echavarría & Enrique López & Sergio Ocampo, 2011. "Choques, instituciones laborales y desempleo en Colombia," Revista Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 29(66), pages 128-173, December.
    5. Hernán Rincón & Diego Rodríguez & Jorge Toro & Santiago Téllez, 2017. "FISCO: modelo fiscal para Colombia," Revista Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 35(83), pages 161-187, Junio.
    6. Galvis Ciro, Juan Camilo & Bedoya Ospina, Juan Guillermo & Loaiza Maya, Rubén Albeiro, 2011. "Una regla de política fiscal óptima para la economía colombiana: aproximación desde un modelo de equilibrio general dinámico y estocástico," REVISTA LECTURAS DE ECONOMÍA, UNIVERSIDAD DE ANTIOQUIA - CIE, November.
    7. Sergio Ocampo Díaz, 2011. "Agentes no ricardianos y rigideces nominales: su efecto sobre el principio de Taylor," VNIVERSITAS ECONÓMICA 008302, UNIVERSIDAD JAVERIANA - BOGOTÁ.
    8. 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, vol. 30(68), pages 218-272, June.
    9. Hernán Rincón-Castro & Norberto Rodríguez-Niño & John Castro-Pantoja, 2017. "Perturbaciones macroeconómicas, tasa de cambio y pass-through sobre precios," Borradores de Economia 982, Banco de la Republica de Colombia.
    10. Johana Maritsa Hernández Henao, 2013. "Demanda externa, términos de intercambio y el papel de la política monetaria durante la crisis de 2008," Documentos de Investigación - Research Papers 7, Centro de Estudios Monetarios Latinoamericanos, CEMLA.

    More about this item

    Keywords

    Rigideces nominales; rigideces reales; modelo DSGE; estimacion Bayesiana;

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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