IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

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

  • Salas, Jorge

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.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/16/Estudios-Economicos-16-1.pdf
Download Restriction: no

Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2009)
Issue (Month): 16 ()
Pages: 9-36

as
in new window

Handle: RePEc:rbp:esteco:ree-16-01
Contact details of provider: Postal:
Jr. Miro Quesada 441, Lima

Phone: 427-6250 ext. 3841
Fax: 426-6125
Web page: http://www.bcrp.gob.pe

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Vallejos, Lucy, 2008. "Precios de los alimentos e inflación," Revista Moneda, Banco Central de Reserva del Perú, issue 137, pages 5-9.
  2. Laurence Ball & N. Gregory Mankiw, 1993. "Relative-price changes as aggregate supply shocks," Working Papers 93-13, Federal Reserve Bank of Philadelphia.
  3. Danny Quah & Shaun Vahey, 1995. "Measuring Core Inflation," Bank of England working papers 31, Bank of England.
  4. Smets, Frank & Wouters, Raf, 2007. "Shocks and frictions in US business cycles: a Bayesian DSGE approach," Working Paper Series 0722, European Central Bank.
  5. Alejandro Justiniano & Bruce Preston, 2006. "Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances?," 2006 Meeting Papers 479, Society for Economic Dynamics.
  6. Emmanuel Farhi & Ricardo Caballero & Pierre-Olivier Gourinchas, . "Financial Crash, Commodity Prices and Global Imbalances," Working Paper 20933, Harvard University OpenScholar.
  7. Paul Castillo & Alberto Humala & Vicente Tuesta, 2007. "Monetary Policy, Regime Shifts, and Inflation Uncertainty in Peru (1949-2006)," Working Papers 2007-005, Banco Central de Reserva del Perú.
  8. Leonardo Leiderman & Rodolfo Maino & Eric Parrado, 2006. "Inflation Targeting in Dollarized Economies," Working Papers Central Bank of Chile 368, Central Bank of Chile.
  9. José De Gregorio & Oscar Landerretche & Christopher Neilson, 2007. "Another Pass-Through Bites The Dust? Oil Prices And Inflation," Working Papers wp238, University of Chile, Department of Economics.
  10. repec:ebl:ecbull:v:6:y:2004:i:6:p:1-8 is not listed on IDEAS
  11. Browne, Frank & Cronin, David, 2007. "Commodity prices, money and inflation," Working Paper Series 0738, European Central Bank.
  12. Inci Ötker & David Vávra & Francisco F. Vazquez & Luis Ignacio Jácome & Karl F Habermeier & Kotaro Ishi & Alessandro Giustiniani & Turgut Kisinbay, 2009. "Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective," IMF Working Papers 09/1, International Monetary Fund.
  13. Bart Hobijn, 2008. "Commodity price movements and PCE inflation," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 14(Nov).
  14. Olivier Jean Blanchard & Danny Quah, 1988. "The Dynamic Effects of Aggregate Demand and Supply Disturbances," NBER Working Papers 2737, National Bureau of Economic Research, Inc.
  15. Winkelried, Diego, 2003. "¿Es asimétrico el pass-through en el Perú?: Un análisis agregado," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 10.
  16. Gonzalo Llosa & Vicente Tuesta & Marco Vega, 2006. "A BVAR Forecasting Model for Peruvian Inflation," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(2), pages 117-141, July-Dece.
  17. Ilan Goldfajn & Rodrigo O. Valdés, 1999. "The Aftermath of Appreciations," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 229-262.
  18. Saki Bigio & Jorge Salas, 2006. "Non-Linear Effects of Monetary Policy and Real Exchange Rate Shocks in Partially Dollarized Economies: An Empirical Study for Peru," Working Papers 2006-008, Banco Central de Reserva del Perú.
  19. Barrera Carlos, 2007. "Proyecciones desagregadas de inflación con modelos Sparse VAR robustos," Working Papers 2007-015, Banco Central de Reserva del Perú.
  20. Mendoza, Enrique G, 1995. "The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 101-37, February.
  21. Diego Winkelried Quezada, 2005. "Tendencias comunes y análisis de la política monetaria en el Perú," Monetaria, Centro de Estudios Monetarios Latinoamericanos, vol. 0(3), pages 279-317, julio-sep.
  22. Winkelried, Diego, 2003. "Hacia una meta explícita de inflación: Anticipando la inflación en el Perú," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 9, pages 11-40.
  23. Castillo, Paul & Montoro, Carlos & Tuesta, Vicente, 2007. "Hechos estilizados de la economía peruana," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 14, pages 33-75.
  24. International Monetary Fund, 2009. "Adding Latin America to the Global Projection Model," IMF Working Papers 09/85, International Monetary Fund.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rbp:esteco:ree-16-01. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Departamento de Publicaciones Económicas)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.