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Inflacion Basica. Una Estimacion Basada En Modelos Var Estructurales

Author

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  • Luis Fernando Melo Velandia
  • Franz Hamann Salcedo

Abstract

En este trabajo se presenta y se aplica para Colombia una t�cnica desarrollada por Quah y Vahey (1995) para medir la inflaci�n b�sica a partir de la hip�tesis de neutralidad del dinero en el largo plazo. As�, la inflaci�n b�sica se define como aquella parte de la inflaci�n observada que no tiene efectos sobre el producto real en el mediano y largo plazo. Esta definici�n es consistente con la idea de la existencia de una curva de Phillips vertical en el largo plazo. Dichas hip�tesis se pueden incorporar como restricciones din�micas impuestas sobre un sistema de vectores autorregresivos (VAR) y de esta forma obtener una medida de inflaci�n b�sica que elimina la ambig�edad de escoger entre diferentes medidas alternativas.

Suggested Citation

  • Luis Fernando Melo Velandia & Franz Hamann Salcedo, 1998. "Inflacion Basica. Una Estimacion Basada En Modelos Var Estructurales," Borradores de Economia 2848, Banco de la Republica.
    • Handle: RePEc:col:000094:002848
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    References listed on IDEAS

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    Cited by:

    1. Martha Misas & Enrique L�pez, 2000. "La Utilización De La Capacidad Instalada De La Industria En Colombia: Un Nuevo Enfoque," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 18(38), pages 5-44.
    2. Martha Misas Arango & Enrique López Enciso & Juana Téllez Corredor & José Fernando Escobar, 2005. "La Inflación Subyacente en Colombia: Un Enfoque de Tendencias Estocásticas Comunes Asociadas a un VEC Estructural," Borradores de Economia 324, Banco de la Republica de Colombia.
    3. Luis Arango & Andres Gonzalez, 2001. "Some evidence of smooth transition nonlinearity in Colombian inflation," Applied Economics, Taylor & Francis Journals, vol. 33(2), pages 155-162.
    4. Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "El tipo de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Investigación Conjunta-Joint Research, in: Centro de Estudios Monetarios Latinoamericanos (CEMLA) (ed.), Estimación y Uso de Variables no Observables en la Región, edition 1, volume 1, chapter 12, pages 365-395, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    5. Martha Misas A & Enrique L�pez E, 2001. "Desequilibrios Reales En Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 19(40), pages 5-45.
    6. Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "La tasa de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(57), pages 282-319, December.
    7. Martha Misas Arango & Enrique L�pez, 2000. "La Utilizaci�N De La Capacidad Instalada De La Industria En Colombia: Un Nuevo Enfoque," Borradores de Economia 3096, Banco de la Republica.
    8. Norberto Rodríguez-Niño & Alejandra Ramírez-Ramírez, 2018. "Metodologías semi-estructurales para estimar la Inflación básica mensual en Colombia," Borradores de Economia 1040, Banco de la Republica de Colombia.

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