Dinero, Precios, Tasa De Interés Y Actividad Económica: Un Modelo Del Caso Colombiano (1984:I-2003:Iv)
A partir de un esquema de oferta y demanda de dinero se estimó un modelo de relaciones de corto y largo plazo entre cinco variables: base monetaria, dinero (M1), tasa de interés, producto y nivel de precios al consumidor (cifras trimestrales desde 1984:I hasta 2003:IV). El modelo es del tipo denominado SVEC (Structural Vector Error Correction). Los parámetros de las funciones de oferta y demanda de dinero son compatibles con las restricciones teóricas convencionales. La estimación utilizó la metodología de tendencias estocásticas comunes para realizar un análisis de impulsorespuesta y un ejercicio de pronóstico con las posibles variables débilmente exógenas.
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| Length: | 44 |
| Date of creation: | 31 Aug 2004 |
| Date of revision: | |
| Handle: | RePEc:col:000094:002366 |
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- Javier Gómez P., 1998. "La Demanda Por Dinero En Colombia," BORRADORES DE ECONOMIA 002969, BANCO DE LA REPÚBLICA.
- Mellander, Erik & Vredin, A & Warne, A, 1992. "Stochastic Trends and Economic Fluctuations in a Small Open Economy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(4), pages 369-94, Oct.-Dec..
- Martha Misas & Hugo Oliveros, . "Cointegración, exogeneidad y Crítica de Lucas: Funciones de Demanda de Dinero en Colombia: Un ejercicio más," Borradores de Economia 075, Banco de la Republica de Colombia.
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- Martin Schmidt, 2003. "Monetary dynamics: a market approach," Applied Economics, Taylor & Francis Journals, vol. 35(2), pages 139-152.
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