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Tendencias comunes en el índice de precios al consumidor

Author

Listed:
  • Ramos, Maria Gracia

    (Banco Central de Reserva del Perú)

  • Winkelried, Diego

    (Universidad del Pacífico (Lima, Perú))

Abstract

Este documento analiza el comportamiento de largo plazo de los rubros que componen el índice de precios al consumidor de Lima Metropolitana, utilizando el modelo factorial propuesto en Phillips y Sul (Econometrica, 75(6), 2007). Con ello, identificamos cuatro tendencias comunes: una de alta inflación, dos de inflación intermedia y una de baja inflación. Este análisis permite entender mejor por qué la inflación subyacente calculada por el BCRP resulta ser una buena medida de inflación tendencial.

Suggested Citation

  • Ramos, Maria Gracia & Winkelried, Diego, 2016. "Tendencias comunes en el índice de precios al consumidor," Working Papers 2016-004, Banco Central de Reserva del Perú.
  • Handle: RePEc:rbp:wpaper:2016-004
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    References listed on IDEAS

    as
    1. Armas, Adrián & Grippa, Francisco, 2011. "Targeting Inflation in a Dollarized Economy: The Peruvian Experience," IDB Publications (Working Papers) 1925, Inter-American Development Bank.
    2. Phillips, Peter C.B. & Sul, Donggyu, 2007. "Some empirics on economic growth under heterogeneous technology," Journal of Macroeconomics, Elsevier, vol. 29(3), pages 455-469, September.
    3. Jonathan McCarthy, 2007. "Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies," Eastern Economic Journal, Eastern Economic Association, vol. 33(4), pages 511-537, Fall.
    4. Renzo Rossini Miñán, 2002. "Aspectos de la adopción de un esquema de metas explícitas de inflación en el Perú," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 5(1), pages 47-67, June.
    5. Asencios, Roger, 2014. "Crecimiento de la clase media en el Perú," Revista Moneda, Banco Central de Reserva del Perú, issue 159, pages 27-30.
    6. Peter C. B. Phillips & Donggyu Sul, 2009. "Economic transition and growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(7), pages 1153-1185.
    7. Adrián Armas & Francisco Grippa, 2005. "Targeting Inflation in a Dollarized Economy: The Peruvian Experience," Research Department Publications 4423, Inter-American Development Bank, Research Department.
    8. Diego Winkelried, 2014. "Exchange rate pass-through and inflation targeting in Peru," Empirical Economics, Springer, vol. 46(4), pages 1181-1196, June.
    9. Lahura, Erick, 2006. "El efecto traspaso de la tasa de interés y la política monetaria en el Perú: 1995-2004," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 13.
    10. Winkelried, Diego, 2010. "Sobre los determinantes de la Inflación," Revista Moneda, Banco Central de Reserva del Perú, issue 145, pages 12-16.
    11. Bonomo, Marco & Brito, Ricardo & Martins, Bruno, 2015. "Macroeconomic and Financial Consequences of the Post-Crisis Government-Driven Credit Expansion in Brazil," IDB Publications (Working Papers) 6827, Inter-American Development Bank.
    12. Castillo, Paul, 2012. "Algunas lecciones de la crisis financiera para el diseño de política monetaria," Revista Moneda, Banco Central de Reserva del Perú, issue 150, pages 12-15.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Inflación; cluster de convergencia; tendencias comunes;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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