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Dinero, Precios, Tasa De Inter�S Y Actividad Econ�Mica: Un Modelo Del Caso Colombiano (1984:I-2003:Iv)

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  • Jos� Fernando Escobar R.
  • Carlos Estaban Posada

Abstract

A partir de un esquema de oferta y demanda de dinero se estim� un modelo de relaciones de corto y largo plazo entre cinco variables: base monetaria, dinero (M1), tasa de inter�s, 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 par�metros de las funciones de oferta y demanda de dinero son compatibles con las restricciones te�ricas convencionales. La estimaci�n utiliz� la metodolog�a de tendencias estoc�sticas comunes para realizar un an�lisis de impulsorespuesta y un ejercicio de pron�stico con las posibles variables d�bilmente ex�genas.

Suggested Citation

  • Jos� Fernando Escobar R. & Carlos Estaban Posada, 2004. "Dinero, Precios, Tasa De Inter�S Y Actividad Econ�Mica: Un Modelo Del Caso Colombiano (1984:I-2003:Iv)," Borradores de Economia 2366, Banco de la Republica.
    • Handle: RePEc:col:000094:002366
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    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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