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

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  • Sergio Parra Cely

Abstract

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.

Suggested Citation

  • Sergio Parra Cely, 2009. "Costos De Inflación En Un Modelo De Búsqueda Monetaria Con Formación Endógena De Precios: El Caso Colombiano," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 27(59), pages 46-82, June.
  • Handle: RePEc:col:000107:006895
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    References listed on IDEAS

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    More about this item

    Keywords

    inflación; búsqueda; moneda; método simulado de momentos; Colombia.;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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