IDEAS home Printed from https://ideas.repec.org/p/ris/iisecd/2008_008.html
   My bibliography  Save this paper

Determinantes de la Inflación Reciente en Bolivia

Author

Listed:
  • Evia Vizcarra, José Luis

    (IISEC, Universidad Católica Boliviana)

  • Méndez Morales, Armando

    (IISEC, Universidad Católica Boliviana)

Abstract

Luego de un período largo, en el que la inflación parecía dominada (alcanzando una tasa anual menor al 1%, a principios de la presente década), esta ha comenzado a resurgir. Simultáneamente, el crecimiento de la oferta de dinero se ha acelerado, alcanzando elevadas tasas. Si bien la mayor oferta de dinero explica parte de la inflación, queda una parte importante de la inflación que no puede ser atribuida a esta variable. Ajustando un modelo neo-keynesiano, la brecha del producto no contribuye a explicar la inflación en los años más recientes. No obstante, si cambiamos la brecha del producto por el crecimiento del gasto del sector público, encontramos que la relación entre esta variable y la inflación es estadísticamente significativa. Otras variables que resultan estadísticamente significativas para explicar la inflación son el tipo de cambio (en una formulación cuadrática), y la inflación internacional. El documento plantea una interpretación de los orígenes de la inflación según estas líneas. Instituto de Investigaciones Socio - Económicas; IISEC

Suggested Citation

  • Evia Vizcarra, José Luis & Méndez Morales, Armando, 2008. "Determinantes de la Inflación Reciente en Bolivia," Documentos de trabajo 8/2008, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    • Handle: RePEc:ris:iisecd:2008_008
    as

    Download full text from publisher

    File URL: http://www.iisec.ucb.edu.bo/assets_iisec/publicacion/2008-8.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stanley Fischer & Ratna Sahay & Carlos A. Végh, 2002. "Modern Hyper- and High Inflations," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 837-880, September.
    2. Lucas, Robert E, Jr, 1980. "Two Illustrations of the Quantity Theory of Money," American Economic Review, American Economic Association, vol. 70(5), pages 1005-1014, December.
    3. Mr. Stanley Fischer & Ms. Ratna Sahay & Mr. Carlos A. Végh Gramont, 2002. "Modern Hyper- and High Inflations," IMF Working Papers 2002/197, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martin Kliem & Alexander Kriwoluzky & Samad Sarferaz, 2016. "On the Low‐Frequency Relationship Between Public Deficits and Inflation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(3), pages 566-583, April.
    2. Goohoon Kwon & Lavern McFarlane & Wayne Robinson, 2009. "Public Debt, Money Supply, and Inflation: A Cross-Country Study," IMF Staff Papers, Palgrave Macmillan, vol. 56(3), pages 476-515, August.
    3. Herwartz, Helmut & Reimers, Hans-Eggert, 2006. "Modelling the Fisher hypothesis: World wide evidence," Economics Working Papers 2006-04, Christian-Albrechts-University of Kiel, Department of Economics.
    4. Atanas Christev, 2006. "Learning Hyperinflations," Computing in Economics and Finance 2006 475, Society for Computational Economics.
    5. Ricardo Reis, 2016. "Can the Central Bank Alleviate Fiscal Burdens?," Discussion Papers 1701, Centre for Macroeconomics (CFM).
    6. Herr, Hansjörg. & Sonat, Zeynep M., 2013. "Neoliberal unshared growth regime of Turkey in the post-2001 period," ILO Working Papers 994841263402676, International Labour Organization.
    7. Lin, Hsin-Yi & Chu, Hao-Pang, 2013. "Are fiscal deficits inflationary?," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 214-233.
    8. Henry, Peter B. & Lorentzen, Peter Lombard, 2003. "Domestic Capital Market Reform and Access to Global Finance: Making Markets Work," Research Papers 1820, Stanford University, Graduate School of Business.
    9. Oya Celasun & R. Gaston Gelos & Alessandro Prati, 2004. "Would "Cold Turkey" Work in Turkey?," IMF Staff Papers, Palgrave Macmillan, vol. 51(3), pages 493-509, November.
    10. Carmen M. Reinhart & Kenneth S. Rogoff, 2011. "The Forgotten History of Domestic Debt," Economic Journal, Royal Economic Society, vol. 121(552), pages 319-350, May.
    11. José De Gregorio, "undated". "Inflation Targets in Latin America," Working Papers wp490, University of Chile, Department of Economics.
    12. Cohen, Joseph N & Linton, April, 2010. "The historical relationship between inflation and political rebellion, and what it might teach us about neoliberalism," MPRA Paper 22522, University Library of Munich, Germany.
    13. Carsten Hefeker, 2010. "Fiscal reform and monetary union in West Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(1), pages 86-102.
    14. Joachim Voth, 2013. "Tightening Tensions: Fiscal Policy and Civil Unrest in South America, 1937–95," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Jordi Galí (ed.),Fiscal Policy and Macroeconomic Performance, edition 1, volume 17, chapter 3, pages 59-92, Central Bank of Chile.
    15. Khan, Safdar Ullah & Saqib, Omar Farooq, 2011. "Political instability and inflation in Pakistan," Journal of Asian Economics, Elsevier, vol. 22(6), pages 540-549.
    16. Janet L. Yellen, 2009. "The outlook for the economy and real estate," Speech 77, Federal Reserve Bank of San Francisco.
    17. Ilker Domaç & Eray M. Yücel, 2005. "What Triggers Inflation in Emerging Market Economies?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(1), pages 141-164, April.
    18. Emilio Ocampo, 2021. "A Brief History of Hyperinflation in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 787, Universidad del CEMA.
    19. Iulia Siedschlag, 2008. "Macroeconomic Differentials and Adjustment in the Euro Area," SUERF Studies, SUERF - The European Money and Finance Forum, number 2008/3 edited by Morten Balling, May.
    20. Castro, Vitor & Veiga, Francisco Jose, 2004. "Political business cycles and inflation stabilization," Economics Letters, Elsevier, vol. 83(1), pages 1-6, April.

    More about this item

    Keywords

    Inflación; Modelo Neokeynesiano; Bolivia; Instituto de Investigaciones Socio - Económicas; IISEC;
    All these keywords.

    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:iisecd:2008_008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tirza Aguilar (email available below). General contact details of provider: https://edirc.repec.org/data/iisecbo.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.