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Fluctuaciones del producto y choques monetarios: evidencia colombiana

Author

Listed:
  • Carmen M. Reinhart.
  • Vicent R. Reinhart

Abstract

Usando información anual para Colombia en los últimos treinta anos y una batería nueva de técnicas econométricas, evaluamos dos teorías opuestas que explican las fluctuaciones económicas: la síntesis neoclásica, que plantea que en presencia de rigidez temporal en los precios, una expansión monetaria no anticipada produce ganancias de producto que se desvanecen en el tiempo con incrementos del nivel de precios; y una explicación alternativa, que se centra en choques tecnológicos y de preferencia reales" como fuente de las variaciones en el producto. "

Suggested Citation

  • Carmen M. Reinhart. & Vicent R. Reinhart, 1991. "Fluctuaciones del producto y choques monetarios: evidencia colombiana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 10(20), pages 53-85.
  • Handle: RePEc:col:000107:005311
    DOI: 10.32468/Espe.2002
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    Cited by:

    1. Juan Carlos Echeverry, 1993. "Indicadores de política y canales de transmisión monetaria. Colombia: 1975-1991," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 12(24), pages 7-41, December.
    2. José Mauricio Salazar Sáenz, 2009. "Evaluación de pronóstico de una red neuronal sobre el PIB en Colombia," Borradores de Economia 575, Banco de la Republica de Colombia.
    3. Jos� Mauricio Salazar S�enz, 2009. "Evaluaci�n de pron�stico de una red neuronal sobre el PIB en Colombia," Borradores de Economia 5934, Banco de la Republica.
    4. Cristina Fernández & Andr�s Gonz�lez G., 2000. "Integración y vulnerabilidad externa en Colombia," Coyuntura Económica, Fedesarrollo.
    5. Juan Carlos Echeverry, 1996. "The rise and Perpetuation of a Moderate Inflation, Colombia 1970-1991," Borradores de Economia 050, Banco de la Republica de Colombia.
    6. Carlos Gustavo Cano, 2010. "Regla fiscal y estabilidad macroeconómica en Colombia," Borradores de Economia 607, Banco de la Republica de Colombia.

    More about this item

    Keywords

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    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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