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Modelos Estructurales de Inflación en Colombia: Estimación a través de Mínimos Cuadrados Flexibles

  • Luis Fernando Melo Velandia

    ()

  • Martha Alicia Misas Arango

    ()

En este documento se presenta evidencia de cambios estructurales, a finales de la década de los noventa, en las relaciones económicas planteadas en los modelos uniecuacionales de inflación en Colombia. Hecho que afecta la inferencia y los pronósticos obtenidos a través de uso de técnicas clásicas de estimación. La metodología de estimación de mínimos cuadrados flexibles (Kalaba y Tesfatsion 1989, 1990), propuesta en esta investigación, permite incorporar tales cambios superando los problemas asociados a las metodologías tradicionales. Los pronósticos obtenidos a partir de esta metodología son superiores, en sentido de menor error mínimo cuadrático, a aquellos obtenidos a través de mínimos cuadrados ordinarios.

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Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 003244.

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Length: 60
Date of creation: 31 Mar 2004
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Handle: RePEc:col:000094:003244
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