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Fluctuaciones del producto y choques monetarios: evidencia colombiana
[Output Fluctuations and Monetary Shocks: Evidence from Colombia]

Author

Listed:
  • Reinhart, Carmen
  • Reinhart, Vincent

Abstract

Usando los datos anuales para Colombia durante los 30 años pasados, probamos las teorías de oposición que explican fluctuaciones macroeconómicas: la síntesis neoclásica, que postula eso en presencia de rigidez temporal del precio una extensión monetaria inesperada produce los aumentos de la salida que erosionan en un cierto plazo con aumentos en el nivel de precios; y una explicación alternativa, que se centra en " real" los choques tecnológicos o de la preferencia como las fuentes de salida cambian. Los coeficientes de este sistema se utilizan para examinar neutralidad duradera de cantidades nominales con respecto a los movimientos permanentes en la acción de dinero y la sensibilidad a corto plazo de la salida a inflación.

Suggested Citation

  • Reinhart, Carmen & Reinhart, Vincent, 1991. "Fluctuaciones del producto y choques monetarios: evidencia colombiana
    [Output Fluctuations and Monetary Shocks: Evidence from Colombia]
    ," MPRA Paper 13654, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13654
    as

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    References listed on IDEAS

    as
    1. Plosser, Charles I, 1989. "Understanding Real Business Cycles," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 51-77, Summer.
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    Citations

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    Cited by:

    1. Juan Carlos Echeverry, 1993. "Indicadores de política y canales de transmisión monetaria. Colombia: 1975-1991," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 12(24), pages 7-41, December.
    2. Juan Carlos Echeverry G., 1996. "The Rise And Perpetuation Of A Moderate Inflation, Colombia 1970-1991," BORRADORES DE ECONOMIA 003621, BANCO DE LA REPÚBLICA.
    3. José Mauricio Salazar Sáenz, 2009. "Evaluación de pronóstico de una red neuronal sobre el PIB en Colombia," Borradores de Economia 575, Banco de la Republica de Colombia.
    4. José Mauricio Salazar Sáenz, 2009. "Evaluación de pronóstico de una red neuronal sobre el PIB en Colombia," BORRADORES DE ECONOMIA 005934, BANCO DE LA REPÚBLICA.
    5. Cristina Fernández & Andrés González G., 2000. "Integración y vulnerabilidad externa en Colombia," COYUNTURA ECONÓMICA, FEDESARROLLO, December.
    6. Carlos Gustavo Cano, 2010. "Regla fiscal y estabilidad macroeconómica en Colombia," Borradores de Economia 607, Banco de la Republica de Colombia.

    More about this item

    Keywords

    inflacion tipo de cambio producto politica monetaria;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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