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La demanda por dinero en Colombia: un poco más de evidencia en el período reciente

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  • Hernández Monsalve, Mauricio A.
  • Posada Posada, Carlos Esteban

Abstract

Resumen: los agregados monetarios en Colombia en los últimos anos han venidocreciendo a ritmos superiores a los del ingreso nominal, pero las metas de inflación se vienen cumpliendo satisfactoriamente. El objetivo de este artículo es analizar la experiencia colombiana reciente al respecto, mencionar alguna evidencia internacional que se asocie al caso colombiano y poner a prueba la hipótesis según la cual en el país hubo un crecimiento compensatorio de la demanda de dinero. Usando los coeficientes estimados en un estudio anterior basado en una metodología de panel, se creó una serie de demanda por dinero para Colombia y se concluyó que la trayectoria reciente de la demanda de saldos reales es determinante y coincidente con la cantidad de liquidez que decide introducir el banco central al mercado.

Suggested Citation

  • Hernández Monsalve, Mauricio A. & Posada Posada, Carlos Esteban, 2006. "La demanda por dinero en Colombia: un poco más de evidencia en el período reciente," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, July.
    • Handle: RePEc:col:000165:005051
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    References listed on IDEAS

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    14. Andreea Andronescu & Hassan Mohammadi & James Payne, 2004. "Long-run estimates of money demand in Romania," Applied Economics Letters, Taylor & Francis Journals, vol. 11(14), pages 861-864.
    15. Mauricio Hernández Monsalve & Munir A. Jalil Barney & Carlos Esteban Posada, 2006. "¿Por qué ha crecido tanto la cantidad de dinero?: teoría y Evidencia Internacional (1975-2002)," Borradores de Economia 3821, Banco de la Republica.
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    Cited by:

    1. Alfredo Villca & Alejandro Torres & Carlos Esteban Posada & Hermilson Velásquez, 2020. "Demanda de dinero en América Latina, 1996-2016: una aplicación de cointegración en datos de panel," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 85(6), June.
    2. Harold Stevens Ávila Aguirre, 2013. "Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, June.

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    More about this item

    Keywords

    inflación; demanda por dinero; oferta monetaria; mercado de dinero; política monetaria;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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