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Expectativas de Actividad Económica en Colombia y Estructura a Plazo: Un Poco más de Evidencia

  • Luis Eduardo Arango


  • Luz Adriana Flórez


Se presenta evidencia clara a favor de la hipótesis de que la estructura a plazo real contiene información sobre las expectativas de la actividad económica en Colombia para los plazos entre 6 y 12, 6 y 24, y 12 y 24 meses adelante. Los signos de los coeficientes estimados son, en todos los casos, los que predice la teoría. La capacidad de pronóstico del modelo es mejor para el período entre 6 y 12 meses adelante que para periodos superiores.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 302.

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Handle: RePEc:bdr:borrec:302
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  7. Luis Eduardo Arango & Luz Adriana Flórez & Angélica María Arosemena, . "El Tramo Corto de la Estructura a Plazo como Predictor de Expectativas de la Actividad Económica en Colombia," Borradores de Economia 279, Banco de la Republica de Colombia.
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  14. Sara G. Castellanos & Eduardo Camero, 2003. "La estructura temporal de tasas de interés en México: ¿Puede predecir la actividad económica futura?," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines, vol. 18(2), pages 33-66, December.
  15. Harvey, David & Leybourne, Stephen & Newbold, Paul, 1997. "Testing the equality of prediction mean squared errors," International Journal of Forecasting, Elsevier, vol. 13(2), pages 281-291, June.
  16. Newey, Whitney K & West, Kenneth D, 1987. "Hypothesis Testing with Efficient Method of Moments Estimation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 777-87, October.
  17. Munir A. Jalil B. & Luis Fernando Melo Velandia, 2000. "Una Relación No Lineal Entre Inflación Y Medios De Pago," BORRADORES DE ECONOMIA 003725, BANCO DE LA REPÚBLICA.
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