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¿Qué explica las fluctuaciones de la inflación en el Perú en el periodo 2002-2008? Evidencia de un análisis VAR estructural

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  • Salas, Jorge

Abstract

En este trabajo se realiza un ejercicio de descomposición histórica de la inflación peruana a partir de un modelo VAR estructural identificado con restricciones de largo plazo. Mediante este ejercicio se estima la contribución de distintas fuentes de choques de origen doméstico y externo a la evolución observada de la inflación desde la adopción del régimen de Metas de Inflación en el Perú (2002) hasta el segundo trimestre de 2008. Los resultados indican que los choques domésticos de demanda han sido los más relevantes en la primera parte de la muestra (hasta 2005, aproximadamente), mientras que posteriormente los choques de origen foráneo – asociados a la inflación externa y a los términos de intercambio – han conducido en mayor medida las fluctuaciones inflacionarias.

Suggested Citation

  • Salas, Jorge, 2009. "¿Qué explica las fluctuaciones de la inflación en el Perú en el periodo 2002-2008? Evidencia de un análisis VAR estructural," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 16, pages 9-36.
  • Handle: RePEc:rbp:esteco:ree-16-01
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    File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/16/Estudios-Economicos-16-1.pdf
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    References listed on IDEAS

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    Cited by:

    1. Cabrera, Nilda & Bejarano, Edilean & Savino Portugal, Marcelo, 2011. "Preferences of the Central Reserve Bank of Peru and optimal monetary policy rules in the inflation targeting regime," Working Papers 2011-010, Banco Central de Reserva del Perú.

    More about this item

    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
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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