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| Campo DC | Valor | Lengua/Idioma |
|---|---|---|
| dc.creator | Galvis Ciro, Juan Camilo | - |
| dc.date | 2018-01-01 | - |
| dc.date.accessioned | 2022-03-23T15:10:22Z | - |
| dc.date.available | 2022-03-23T15:10:22Z | - |
| dc.identifier | https://revistas.unal.edu.co/index.php/ede/article/view/71748 | - |
| dc.identifier | 10.15446/ede.v28n52.71748 | - |
| dc.identifier.uri | http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/109706 | - |
| dc.description | This paper takes Colombia as a case-study and seeks to verify the constraints that the Time-inconsistency problem imposes on the time series corresponding to inflation and unemployment. The Colombian economy is analyzed in the period 1976-2006 and the results of the statistical tests show that the constraints were confirmed during the period 1976-1991. In particular, it is possible that errors in monetary policy management were partly responsible for the inflation growth in that period. | en-US |
| dc.description | Este trabajo toma como estudio de caso a Colombia y busca verificar las restricciones que el problema de la incoherencia temporal impone sobre las series de tiempo de inflación y desempleo. Es analizado el período 1976-2006 para la economía colombiana y los resultados de las pruebas estadísticas muestran que durante el periodo 1976-1991 se comprueban las restricciones del problema de la incoherencia dinámica. En particular, es posible que los errores en la conducción de la política monetaria fueran en parte los responsables por el crecimiento de la inflación en dicho período. | es-ES |
| dc.format | application/pdf | - |
| dc.language | spa | - |
| dc.publisher | Universidad Nacional de Colombia - Sede Medellín - Facultad de Ciencias Humanas y Económicas - Departamento de Economía | es-ES |
| dc.relation | https://revistas.unal.edu.co/index.php/ede/article/view/71748/67310 | - |
| dc.relation | /*ref*/Akay, H. y Nargelecekenler, M. (2007). Is There the Time-Inconsistency Problem in Turkey?. Journal of Economic Studies, 34(5), 389-400. https://doi.org/10.1108/01443580710823202 | - |
| dc.relation | /*ref*/Albuquerque, J.C., de Mendonça, H. y Montes, G. (2014). Time-Inconsistency Problem: Less Common than We Think. Journal of Economic Studies, 41(5), 708 – 720. https://doi.org/10.1108/JES-12-2012-0168 | - |
| dc.relation | /*ref*/Barro, R. y Gordon, D. (1983). Rules, Discretion and Reputation in a Model of Monetary Policy. Journal of Monetary Economics, 12(1), 101-121. https://doi.org/10.1016/0304-3932(83)90051-X | - |
| dc.relation | /*ref*/Blinder, A. (1998). Central Banking in Theory and Practice. Cambridge: MIT Press. | - |
| dc.relation | /*ref*/Cukierman, A. y Gerlach, S. (2003). The Inflation Bias Revisited: Theory and Some International Evidence. The Manchester School, 71, 541-565. https://doi.org/10.1111/1467-9957.00366 | - |
| dc.relation | /*ref*/Doyle, M. y Falk, B. (2008), Testing Commitment Models of Monetary Policy: Evidence from OECD Economies. Journal of Money, Credit and Banking, 40(2/3), 409-425. https://doi.org/10.1111/j.1538-4616.2008.00119.x | - |
| dc.relation | /*ref*/Engle, R. y Granger, C. (1987). Co-integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251-276. | - |
| dc.relation | /*ref*/Galvis, J.C. y De Mendonça, H. (2017). Effect of Credibility and Reputation on Discretionary Fiscal Policy: Empirical Evidence from Colombia. Empirical Economics, 53(4), 1529–1552. | - |
| dc.relation | /*ref*/Gómez, J. P., Uribe, J. y Vargas, H. (2002). The Implementation of Inflation Targeting in Colombia. Borradores de Economía, 202, 1-62. | - |
| dc.relation | /*ref*/Hamilton, J.D. (1994). Time Series Analysis. Princeton: Princeton University Press. | - |
| dc.relation | /*ref*/Ireland, P.N. (1999). Does the Time-Consistency Problem Explain the Behavior of Inflation in the United Sates? Journal of Monetary Economics, 44(2), 279-291. https://doi.org/10.1016/S0304-3932(99)00026-4 | - |
| dc.relation | /*ref*/Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59(6), 1551-1580. | - |
| dc.relation | /*ref*/Kwiatkowski, D., Phillips, P. C. B., Schmidt, P. y Shin, Y. (1992). Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root. Journal of Econometrics, 54(1), 159–178. https://doi.org/10.1016/0304-4076(92)90104-Y | - |
| dc.relation | /*ref*/Kydland, F. y Prescott, E. (1977). Rules Rather than Discretion: The Inconsistency of Optimal Plans. Journal of Political Economy, 85(3), 473-491. | - |
| dc.relation | /*ref*/Mackinnon, J., Haug, A. y Michelis, L. (1999) Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration. Journal of Applied Econometrics, 14(5), 563-77. | - |
| dc.relation | /*ref*/Phillips, P.C.B. y Ouliaris, S. (1990). Asymptotic Properties of Residual Based Tests for Cointegration. Econometrica, 58(1), 165-193. | - |
| dc.relation | /*ref*/Pierdzioch, C. y Stadtmann, G. (2011). Does the ECB Have a Time-Inconsistency Problem? A Note. Scottish Journal of Political Economy, 58(2), 189-199. https://doi.org/10.1111/j.1467-9485.2011.00542.x | - |
| dc.relation | /*ref*/Sargent, T. y Wallace, N. (1981). Some Unpleasant Monetarist Arithmetic. Federal Reserve Bank of Minneapolis, Quarterly Review, 1–17. | - |
| dc.relation | /*ref*/Taylor, J.B. (1997). Comment. En Romer, C.D., Romer, D.H. (Eds.), Reducing Inflation: Motivation and Strategy (pp. 276-280). Chicago: University of Chicago Press. | - |
| dc.rights | Derechos de autor 2018 Ensayos de Economía | es-ES |
| dc.rights | https://creativecommons.org/licenses/by-nc-nd/4.0 | es-ES |
| dc.source | Ensayos de Economía; Vol. 28 No. 52 (2018); 63-76 | en-US |
| dc.source | Ensayos de Economía; Vol. 28 Núm. 52 (2018); 63-76 | es-ES |
| dc.source | Ensayos de Economía; Vol. 28 No. 52 (2018); 63-76 | fr-CA |
| dc.source | 2619-6573 | - |
| dc.source | 0121-117X | - |
| dc.subject | time-inconsistency problem | en-US |
| dc.subject | inflation | en-US |
| dc.subject | unemployment. | en-US |
| dc.subject | incoherencia temporal | es-ES |
| dc.subject | inflación | es-ES |
| dc.subject | desempleo | es-ES |
| dc.title | Time-Inconsistency and Inflation: Empirical Evidence for Colombian Economy | en-US |
| dc.title | La inconsistencia temporal y la inflación: evidencias empíricas para la economía colombiana | es-ES |
| dc.type | info:eu-repo/semantics/article | - |
| dc.type | info:eu-repo/semantics/publishedVersion | - |
| Aparece en las colecciones: | Facultad de Ciencias Humanas y Económicas - FCHE/UNAL - Cosecha | |
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