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Costos De Inflación En Un Modelo De Búsqueda Monetaria Con Formación Endógena De Precios: El Caso Colombiano

  • Sergio Parra Cely

Los modelos de búsqueda monetaria, gracias a los trabajos teóricos recientes, no sólo permitenentender el intercambio como un fenómeno monetario, sino también dar respuesta a interrogantesde política monetaria como son los costos de inflación. El presente trabajo es un aporte a los diversos intentos por desarrollar medidas para el caso colombiano reciente. Utilizando el método simulado de momentos (SMM) para estimar el modelo propuesto por Rocheteau y Waller (2005), se encuentra que, al incorporar mecanismos endógenos de formación de precios, estos costos oscilan entre 0,5% y 7% del PIB, dependiendo de ciertas condiciones. Los resultados que brinda este trabajo son mayores que otros aportes anteriores, debido a nuevos elementos incorporados en este modelo, como la presencia de externalidades en las cantidades de intercambio, en la composición y en el poder de mercado, que no se habían incluido en estudios anteriores.

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Article provided by BANCO DE LA REPÚBLICA - ESPE in its journal ENSAYOS SOBRE POLÍTICA ECONÓMICA.

Volume (Year): 27 (2009)
Issue (Month): 59 (June)
Pages: 46-82

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Handle: RePEc:col:000107:006895
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