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Una estimación de los impactos de la tasa de interés en el ciclo económico de Colombia: 1986-2010

Author

Listed:
  • Sergio Iván Restrepo O.
  • Luis Esteban Mart�nez R.
  • Mauricio Lopera C.

Abstract

Resumen: El objetivo de este trabajo es establecer la relación entre el ciclo económico colombiano y la política monetaria a través del estudio de la tasa de interés real natural. Par tal efecto, se calcula la tasa de interés real natural (TIRN) para Colombia por medio de dos metodologías diferentes. Una vez determinada la tasa de interés real natural, se realiza un análisis acerca de los efectos de la política monetaria sobre el ciclo económico en Colombia, basado en las ideas Neowicksellianas. Se concluye, que la brecha, producto de la diferencia de las tasas de interés de mercado y natural, tienen efectos sobre el ciclo económico colombiano causando variaciones en el PIB.

Suggested Citation

  • Sergio Iván Restrepo O. & Luis Esteban Mart�nez R. & Mauricio Lopera C., 2011. "Una estimación de los impactos de la tasa de interés en el ciclo económico de Colombia: 1986-2010," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, issue 18, pages 53-77.
    • Handle: RePEc:col:000165:014816
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    File URL: https://revistas.udea.edu.co/index.php/coyuntura/article/view/13245/11871
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • 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
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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