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Inflación y apertura: evidencia para Colombia (1980-2005)

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  • Carlos Esteban Posada

    ()

  • Camilo Morales J.

    ()

Abstract

En los últimos años se ha desarrollado en la literatura internacional una corriente de estudio enfocada aexaminar los efectos del libre comercio sobre la inflación. Este trabajo pone a prueba la hipótesis de unaconexión entre el grado de apertura de la economía colombiana y su tasa de inflación. Con un modelo Pestrella,el artículo muestra que una mayor apertura al comercio internacional no implica mayores omenores tasas de inflación sino una mayor sensibilidad de esta a choques externos. El ejercicio requirióla construcción de tres variables: inflación externa, devaluación nominal del peso contra las monedasdel mundo y un indicador de protección comercial.

Suggested Citation

  • Carlos Esteban Posada & Camilo Morales J., 2007. "Inflación y apertura: evidencia para Colombia (1980-2005)," BORRADORES DE ECONOMIA 004286, BANCO DE LA REPÚBLICA.
  • Handle: RePEc:col:000094:004286
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    References listed on IDEAS

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    1. Geoffrey M.B. Tootell, 1998. "Globalization and U.S. inflation," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 21-33.
    2. M. Ali Khan, 2007. "Perfect Competition," PIDE-Working Papers 2007:15, Pakistan Institute of Development Economics.
    3. Gerlach, Stefan & Svensson, Lars E. O., 2003. "Money and inflation in the euro area: A case for monetary indicators?," Journal of Monetary Economics, Elsevier, vol. 50(8), pages 1649-1672, November.
    4. Sachsida, Adolfo & Carneiro, Francisco Galrao & Loureiro, Paulo R. A., 2003. "Does greater trade openness reduce inflation? Further evidence using panel data techniques," Economics Letters, Elsevier, vol. 81(3), pages 315-319, December.
    5. Leonardo Villar & Pilar Esguerra, 2005. "El Comercio Exterior Colombiano En El Siglo Xx," BORRADORES DE ECONOMIA 002468, BANCO DE LA REPÚBLICA.
    6. David Romer, 1993. "Openness and Inflation: Theory and Evidence," The Quarterly Journal of Economics, Oxford University Press, vol. 108(4), pages 869-903.
    7. David Arseneau, 2007. "The Inflation Tax in an Open Economy with Imperfect Competition," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(1), pages 126-147, January.
    8. Javier Gómez & José Darío Uribe & Hernando Vargas, 2002. "The Implementation Of Inflation Targeting In Colombia," BORRADORES DE ECONOMIA 003603, BANCO DE LA REPÚBLICA.
    9. Christopher Bowdler & Adeel Malik, 2005. "Openness and inflation volatility: Cross-country evidence," Economics Papers 2005-W14, Economics Group, Nuffield College, University of Oxford.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    apertura; inflación; devaluación; inflación externa; tarifa media arancelaria; P-estrella.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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