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Dinero, Inflación Y Actividad Económica

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  • Carlos Esteban Posada P.

Abstract

En estas páginas se presentan la teoría y algunos modelos convencionales sobre inflación y actividad económica, y el caso colombiano de los últimos cinco decenios. La teoría y la evidencia empírica colombiana (1941-1997) sugieren que debemos esperar tanto "curvas de Phillips" como "curvas anti-Phillips" en el corto plazo, y neutralidad monetaria en el largo plazo. Además, según implicación de uno de los modelos teóricos, el grado de inercia inflacionaria no es obstáculo para que se cumpla la neutralidad en el largo plazo. Finalmente, el modelo de tasa de cambio nominal exógena permite mostrar una de las condiciones bajo las cuales esta tasa puede ser ó dejar de ser creíble y, en este último caso, dar lugar a modificaciones de su nivel.

Suggested Citation

  • Carlos Esteban Posada P., 1998. "Dinero, Inflación Y Actividad Económica," Borradores de Economia 2364, Banco de la Republica.
    • Handle: RePEc:col:000094:002364
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    References listed on IDEAS

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    1. Laurence Ball, 1991. "The genesis of inflation and the costs of disinflation," Proceedings, Federal Reserve Bank of Cleveland, pages 439-461.
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    Cited by:

    1. Fernández Andrés, 2003. "Reformas estructurales, impacto macroeconómico y política monetaria en Colombia," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, March.

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