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Es lineal la Curva de Phillips en Colombia?

  • Mario Nigrinis Ospina

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    Este trabajo presenta evidencia empírica sobre la no linealidad de la curva de Phillips en Colombia partiendo de la hipótesis de capacidad restringida. Así mismo, los resultados sugieren un desplazamiento de la curva hacia abajo a partir de 1999. De esta manera la economía colombiana puede haber encontrado un menor nivel de inflación bajo condiciones de pleno empleo de los factores. La técnica econométrica que se empleó para probar la hipótesis fue el Filtro de Kalman con párametro variable en el tiempo. Los aportes del trabajo al estado del arte del estudio de la curva de Phillips en Colombia son tres. Primero la técnica de estimación utilizada. Segundo se prueba la existencia de asimetrías a partir de la hipótesis de capacidad restringida. Finalmente se encuentra un nivel de UCI de inflación estable.

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    Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 281.

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    Handle: RePEc:bdr:borrec:281
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