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Política Monetaria y Ciclos Económicos Regionales en Colombia


  • Jorge David Quintero Otero


  • Andrés González Gómez



Este trabajo busca determinar si la política monetaria puede proporcionar una explicación parcial a las diferencias que existen en el comportamiento de los ciclos económicos entre las regiones de Colombia, así como también establecer la importancia que tienen en la explicación de estas diferencias, los canales tradicionales de transmisión sugeridos en la literatura. Utilizando proyecciones directas, siguiendo la propuesta original de Jordà (2005), pero con una adaptación que permite estimar respuestas diferenciales en la actividad económica de las regiones, se encuentra que las acciones inesperadas de la autoridad monetaria no afectan de manera homogénea el ciclo económico en las regiones colombianas, y que la tasa de cambio es el canal de transmisión de la política monetaria que mejor explica estas diferencias.

Suggested Citation

  • Jorge David Quintero Otero & Andrés González Gómez, 2012. "Política Monetaria y Ciclos Económicos Regionales en Colombia," DOCUMENTOS CEDE 010322, UNIVERSIDAD DE LOS ANDES-CEDE.
  • Handle: RePEc:col:000089:010322

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    choque monetario; proyecciones directas; ciclo económico; regiones;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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