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Algunos criterios para evaluar una meta de inflación de largo plazo

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  • Martha López

Abstract

Uno de los hechos estilizados más recientes alrededor del mundo es que, después de varias décadas, se está convergiendo a una inflación baja y estable. Algunos países ya llegaron a su estado estacionario en este sentido y otros aún están en proceso de desinflación. Dado que la inflación inflinge costos en el bienestar de los agentes y frena el crecimiento económico de largo plazo, este es uno de los logros más importantes de las autoridades monetarias. No obstante, en el corto plazo el proceso desinflacionario puede tener impacto negativo sobre el producto y el empleo. Este trabajo presenta algunos criterios que son relevantes en la determinación del nivel de inflación de largo plazo y cómo el régimen de política monetaria de Inflación-objetivo permite disminuir los costos asociados al proceso desinflacionario en la medida que la política monetaria gana credibilidad.

Suggested Citation

  • Martha López, 2006. "Algunos criterios para evaluar una meta de inflación de largo plazo," Borradores de Economia 386, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:386
    DOI: 10.32468/be.386
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    Cited by:

    1. Roberto Alfonso Montenegro Robles, 2011. "La política monetaria y la brecha del producto," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 3(2), pages 41-47, December.
    2. Javier Guillermo Gómez, 2006. "La Política Monetaria En Colombia," Borradores de Economia 3054, Banco de la Republica.

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    More about this item

    Keywords

    Inflación; bienestar; demanda por dinero; Inflación Objetivo.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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