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Es Lineal la Curva de Phillips en Colombia?

Author

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  • Mario Nigrinis Ospina

Abstract

Este trabajo presenta evidencia emp�rica sobre la no linealidad de la curva de Phillips en Colombia partiendo de la hip�tesis de capacidad restringida. As� mismo, los resultados sugieren un desplazamiento de la curva hacia abajo a partir de 1999. De esta manera la econom�a colombiana puede haber encontrado un menor nivel de inflaci�n bajo condiciones de pleno empleo de los factores. La t�cnica econom�trica que se emple� para probar la hip�tesis fue el Filtro de Kalman con par�metro variable en el tiempo. Los aportes del trabajo al estado del arte del estudio de la curva de Phillips en Colombia son tres. Primero la t�cnica de estimaci�n utilizada. Segundo se prueba la existencia de asimetr�as a partir de la hip�tesis de capacidad restringida. Finalmente se encuentra un nivel de UCI de inflaci�n estable.

Suggested Citation

  • Mario Nigrinis Ospina, 2004. "Es Lineal la Curva de Phillips en Colombia?," Borradores de Economia 2584, Banco de la Republica.
    • Handle: RePEc:col:000094:002584
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    More about this item

    Keywords

    Curva de Phillips;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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