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La tasa de cambio y sus impactos en los agregados económicos colombianos: una aproximación FAVAR

Author

Listed:
  • Juan Manuel Candelo-Viafara
  • Andrés Oviedo-Gómez

Abstract

Este documento identifica la relación existente entre la tasa de cambio y los diferentes agregados macroeconómicos en la economía colombiana, principalmente en la producción, el consumo, la inflación, la balanza comercial, la tasa de desempleo y la inversión, a través de la metodología Factor Augmented var (favar). Se identifica que una apreciación del dólar genera cambios significativos sobre la actividad económica, la balanza comercial, los precios, el consumo y el gasto público.******This document identifies the relationship between the exchange rate and the different macroeconomic aggregates in the Colombian economy, mainly in production, consumption, inflation, trade balance, unemployment rate and investment, through the methodology Factor Augmented var(favar). It is identified that an appreciation of the dollar generates significant changes in economic activity, the trade balance, prices, consumption, and public spending.******Este documento identifica a relacao entre a taxa de cambio e os diferentes agregados macroeconomicos da economia colombiana, principalmente na producao, no consumo, na inflacao, na balanca comercial, na taxa de desemprego e no investimento, por meio da metodologia Factor Augmented var (favar). Identifica-se que a valorizacao do dólar gera mudancas significativas na atividade economica, na balanca comercial, precos, consumo e gastos públicos.

Suggested Citation

  • Juan Manuel Candelo-Viafara & Andrés Oviedo-Gómez, 2021. "La tasa de cambio y sus impactos en los agregados económicos colombianos: una aproximación FAVAR," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 29(2), pages 121-142, October.
  • Handle: RePEc:col:000180:019710
    DOI: 10.18359/rfce.5256
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    More about this item

    Keywords

    tasa de cambio real; favar; agregados económicos; economía colombiana;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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