The intervention interest rate and its effect on inflation in colombia 2002-2016

This paper aims to find empirical evidence to analyze the effect on inflation of the use of the intervention interest rate to achieve the inflation target; in the first place an analysis is presented around the key variables that determine inflation; secondly, the main features of an objective infla...

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Autores Principales: Cárdenas Pinzón, Johanna Inés, Vallejo Zamudio, Luis Eudoro, Fuentes López, Héctor Javier
Formato: Desconocido (Unknown)
Lenguaje:Español (Spanish)
Español (Spanish)
Publicado: Universidad Libre Sede Cartagena 2018
Materias:
id ir-10901-13529
recordtype dspace
spelling ir-10901-135292021-08-24T14:26:16Z The intervention interest rate and its effect on inflation in colombia 2002-2016 La tasa de interés de intervención y su efecto sobre la inflación en colombia 2002-2016 Cárdenas Pinzón, Johanna Inés Vallejo Zamudio, Luis Eudoro Fuentes López, Héctor Javier inflación objetivo tasa de interés intervención Banco de la República Política monetaria política económica This paper aims to find empirical evidence to analyze the effect on inflation of the use of the intervention interest rate to achieve the inflation target; in the first place an analysis is presented around the key variables that determine inflation; secondly, the main features of an objective inflation scheme, the inflation results and the decisions taken by the Banco de la Republica regarding the intervention interest rate are presented; Finally, we present the results obtained by means of a Structural Autoregressive Vectors (SVAR) model, which demonstrates, in the three models specified, the relationship between the inflation rate and the intervention interest rate since the signs thrown were as expected. En este artículo se pretende encontrar evidencia empírica que permita analizar el efecto que tiene sobre la inflación el uso de la tasa de interés de intervención para lograr la meta de inflación; en primer lugar se presenta un análisis en torno a las variables clave que determinan la inflación; en segundo lugar se exponen las principales características de un esquema de inflación objetivo, los resultados de inflación y las decisiones tomadas por el Banco de la Republica respecto a la tasa de interés de intervención; y por último se presentan los resultados obtenidos por medio de un modelo de Vectores Autoregresivos Estructural (SVAR) en el que se demuestra, en los tres modelos especificados, la relación existente entre la tasa de inflación y la tasa de interés de intervención ya que los signos arrojados fueron los esperados. 2018-01-01 empresa y sociedad http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/version/c_970fb48d4fbd8a85 https://revistas.unilibre.edu.co/index.php/saber/article/view/2089 10.18041/2382-3240/saber.2018v13n1.2089 spa spa https://revistas.unilibre.edu.co/index.php/saber/article/view/2089/1985 Revistas - Ciencias Sociales y Humanas Derechos de autor 2018 Saber, Ciencia y Libertad http://creativecommons.org/licenses/by-nc-sa/4.0 http://creativecommons.org/licenses/by-nc-nd/2.5/co/ Atribución-NoComercial-SinDerivadas 2.5 Colombia application/pdf Universidad Libre Sede Cartagena Saber, Ciencia y Libertad; Vol 13 No 1 (2018): Revista Saber, Ciencia y Libertad; 112-132 Saber, Ciencia y Libertad; Vol. 13 Núm. 1 (2018): Revista Saber, Ciencia y Libertad; 112-132 2382-3240 1794-7154
institution Universidad Libre de Colombia
collection DSpace
language Español (Spanish)
Español (Spanish)
topic inflación objetivo
tasa de interés intervención
Banco de la República
Política monetaria
política económica
spellingShingle inflación objetivo
tasa de interés intervención
Banco de la República
Política monetaria
política económica
Cárdenas Pinzón, Johanna Inés
Vallejo Zamudio, Luis Eudoro
Fuentes López, Héctor Javier
The intervention interest rate and its effect on inflation in colombia 2002-2016
description This paper aims to find empirical evidence to analyze the effect on inflation of the use of the intervention interest rate to achieve the inflation target; in the first place an analysis is presented around the key variables that determine inflation; secondly, the main features of an objective inflation scheme, the inflation results and the decisions taken by the Banco de la Republica regarding the intervention interest rate are presented; Finally, we present the results obtained by means of a Structural Autoregressive Vectors (SVAR) model, which demonstrates, in the three models specified, the relationship between the inflation rate and the intervention interest rate since the signs thrown were as expected.
format Desconocido (Unknown)
author Cárdenas Pinzón, Johanna Inés
Vallejo Zamudio, Luis Eudoro
Fuentes López, Héctor Javier
author_facet Cárdenas Pinzón, Johanna Inés
Vallejo Zamudio, Luis Eudoro
Fuentes López, Héctor Javier
author_sort Cárdenas Pinzón, Johanna Inés
title The intervention interest rate and its effect on inflation in colombia 2002-2016
title_short The intervention interest rate and its effect on inflation in colombia 2002-2016
title_full The intervention interest rate and its effect on inflation in colombia 2002-2016
title_fullStr The intervention interest rate and its effect on inflation in colombia 2002-2016
title_full_unstemmed The intervention interest rate and its effect on inflation in colombia 2002-2016
title_sort intervention interest rate and its effect on inflation in colombia 2002-2016
publisher Universidad Libre Sede Cartagena
publishDate 2018
_version_ 1723229855994085376
score 12,111491