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El efecto riqueza de la vivienda en Colombia

  • Enrique López

    ()

  • Andrés Salamanca

    ()

Este documento analiza la riqueza en vivienda como un canal de trasmisio?n de la poli?tica monetaria en Colombia, a partir de la evidencia de un modelo de equilibrio general dina?mico y estoca?stico calibrado para la economi?a colombiana. La medicio?n del efecto riqueza para Colombia arrojo? como resultado una propensio?n marginal a consumir anual igual a 0,012. Con estos resultados, se encuentra que el efecto riqueza estimado es poco significativo en relacio?n con las medidas realizadas para otros pai?ses. El ana?lisis de impulso-respuesta mostro? que: i) el efecto riqueza posee una duracio?n esperada corta y con efectos asime?tricos sobre el consumo; ii) el canal de oferta de vivienda de la poli?tica monetaria es pequen?o aunque sus efectos de jalonamiento sobre los dema?s sectores de la economi?a son importantes; y iii) los efectos del apalancamiento del cre?dito hipotecario son pequen?os.

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File URL: http://hdl.handle.net/11445/316
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Article provided by FEDESARROLLO in its journal COYUNTURA ECONÓMICA.

Volume (Year): (2009)
Issue (Month): (December)
Pages:

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Handle: RePEc:col:000438:009892
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