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En este documento se establecen algunos hechos estilizados acerca del comportamiento de los precios regulados en Colombia. Se analiza el grado de rigidez de los precios en diferentes categorías de productos, con un énfasis particular en los precios regulados. En el documento se establece que...
Persistent link: https://www.econbiz.de/10005783892
, using Mean conditional Kernel estimation over inflation changes, with no inclusion of exogenous variables. The results are …This paper contains the results of a non parametric multi-step ahead forecast for the monthly Colombian inflation …
Persistent link: https://www.econbiz.de/10005783908
En este documento se establecen algunos hechos estilizados acerca del comportamiento de los precios regulados en Colombia. Se analiza el grado de rigidez de los precios en diferentes categorías de productos, con un énfasis particular en los precios regulados. En el documento se establece que...
Persistent link: https://www.econbiz.de/10005262735
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … deviations of real M1 from its relationship with its long-run determinants. The m* indicator is based on the estimation of the … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011445082
seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …
Persistent link: https://www.econbiz.de/10011445093
above its long-run trend, the point estimation of the exchange rate pass through is larger on average. Finally, we provide … some evidence of asymmetry in the exchange rate pass through, that is, the point estimation of the exchange rate pass …
Persistent link: https://www.econbiz.de/10012616382
Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...
Persistent link: https://www.econbiz.de/10005443342
En este documento se estima un modelo econométrico que descompone la seriede inflación trimestral anualizada entre un componente transitorio y otropermanente, este último inducido probablemente por las variaciones en la metadel Banco Central. Se concluye que la persistencia inflacionaria se...
Persistent link: https://www.econbiz.de/10008765704
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … deviations of real M1 from its relationship with its long-run determinants. The m* indicator is based on the estimation of the … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011294297
seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …
Persistent link: https://www.econbiz.de/10011294298