Evidence of the causal long-term relationship between budget deficit, money growth and inflation in Colombia is analyzed in this paper, considering the standard (M1), the narrowest (M0-Base) and the broadest (M3) definitions of money supply. Using a vector error correction (VEC) model with...

An application of Bayesian Model Averaging, BMA, is implemented to construct combined forecasts for the colombian inflation for the short and medium run. A model selection algorithm is applied over a set of linear models with a large dataset of potencial predictors using marginal as well as...

En este trabajo se presentan algunos metodos de combinacion de pronosticos de diferentes modelos econometricos. Estas metodologias tienen como principal objetivo encontrar una combinacion lineal de pronosticos que produzca una prediccion mejorada en terminos de precision. Se emplean estos...