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Impacto de la competencia por inversión extranjera directa en la inflación

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  • Juan David Vinasco I.

Abstract

Este documento explora un camino por el que la globalización pudo haber disminuido la inflación en los países latinoamericanos. En particular, la forma en que la competencia por atraer inversión extranjera, con una menor inflación relativa, puede traducirse en un menor nivel de inflación absoluta. Para tal propósito, se presenta un modelo de inconsistencia temporal de Barro & Gordon (1981) y se explora evidencia econométrica de la relación existente entre inversión e inflación para países de Latinoamérica entre 1980 y 2008.Abstract: This document explores a possible way in which globalization could have reduced inflation in LatinAmerican countries. In particular,it explores the way in which the competition to attract foreign direct investment, based on a relative lower inflation, can lead to a minorlevel of absolute inflation in a group of countries. To prove this hypothesis a model based on Barro & Gordon (1981) is used, and thensome econometric evidence is presented for LatinAmerica between 1980 and 2008.

Suggested Citation

  • Juan David Vinasco I., 2010. "Impacto de la competencia por inversión extranjera directa en la inflación," Coyuntura Económica, Fedesarrollo, December.
    • Handle: RePEc:col:000438:009387
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    File URL: http://hdl.handle.net/11445/304
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    More about this item

    Keywords

    Inversión extranjera directa; Inflación; Política monetaria; Globalización. Foerign Direct Investment; Inflation; Monetary Policy; Globalization.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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