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Innovaciones monetarias y fluctuaciones del producto en Colombia

Author

Listed:
  • Luis Eduardo Arango Thomas
  • Edison Henao Atehortúa

Abstract

Este trabajo intenta mostrar el vínculo entre los choques monetarios y las fluctuaciones del producto en Colombia, usando datos anuales entre 1950 y 1994, los cuales permiten el contraste de la no neutralidad de los choques monetarios en el corto plazo y de la proposición de neutralidad de largo plazo. Sin embargo, como veremos al final los resultados no permiten describir una relación clara entre dichas variables, en el sentido más convencional.

Suggested Citation

  • Luis Eduardo Arango Thomas & Edison Henao Atehortúa, 1995. "Innovaciones monetarias y fluctuaciones del producto en Colombia," Ensayos de Economía 9515, Universidad Nacional de Colombia Sede Medellín.
    • Handle: RePEc:col:000418:009515
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    File URL: http://www.revistas.unal.edu.co/index.php/ede/article/viewFile/23737/24424
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    References listed on IDEAS

    as
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    2. Carmen M. Reinhart & Vincent R. Reinhart, 1991. "Output Fluctuations and Monetary Shocks: Evidence from Colombia," IMF Staff Papers, Palgrave Macmillan, vol. 38(4), pages 705-735, December.
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    4. Blanchard, Olivier Jean, 1990. "Why does money affect output? A survey," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 2, chapter 15, pages 779-835, Elsevier.
    5. Carmen M. Reinhart & Vincent R. Reinhart, 1991. "Output Fluctuations and Monetary Shocks: Evidence from Colombia," IMF Staff Papers, Palgrave Macmillan, vol. 38(4), pages 705-735, December.
    6. Bernanke, Ben S., 1986. "Alternative explanations of the money-income correlation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 49-99, January.
    7. Edwards, Sebastian, 1984. "Coffee, money and inflation in Colombia," World Development, Elsevier, vol. 12(11-12), pages 1107-1117.
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