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La Tasa de Interés en Colombia 1958-1992

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  • Carlos Esteban Posada
  • Martha Misas

Abstract

A continuación se presenta una explicación del nivel anual y de las variaciones de la tasa de interés media colombiana en el periodo 1958-1992. En la primera parte se ofrece evidencia empírica favorable a la hipótesis de Fisher para explicar el comportamiento de la tasa de interés nominal; en efecto, se muestra que ésta ha dependido de la tasa real interna y de la tasa de inflación y que el coeficiente de determinación de la tasa de inflación sobre la tasa de interés es 1 en el largo plazo. En la segunda parte se muestra que la tasa de interés real interna ha dependido de la tasa real externa y que ha oscilado en torno a la suma de ésta y una magnitud constante. Por último, se consigna evidencia favorable a la hipótesis de que la tasa de interés real afecta negativamente la tasa de crecimiento del producto.
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  • Carlos Esteban Posada & Martha Misas, 1995. "La Tasa de Interés en Colombia 1958-1992," Borradores de Economia 026, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:026
    DOI: 10.32468/be.26
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    References listed on IDEAS

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