Please use this identifier to cite or link to this item: http://repositorio.uptc.edu.co/handle/001/2575
Title: Efectos de los anuncios de política monetaria y la credibilidad sobre las expectativas de inflación: evidencia para Colombia
Other Titles: Effects of Monetary Policy Announcements and Credibility on Inflation Expectations: Evidence for Colombia
Efeitos dos anúncios de política monetária e credibilidade sobre as expectativas de inflação: evidência para a Colômbia
Authors: Galvis Ciro, Juan Camilo
Anzoátegui Zapata, Juan Camilo
Keywords: Política monetaria
Análisis de varianza
Modelos econométricos
Economía financiera
Mercado financiero
Banco central
Expectativas de inflación
Modelización econométrica
Issue Date: 1-Jan-2019
Publisher: Universidad Pedagógica y Tecnológica de Colombia
Citation: Galvis Ciro, J. C. & Anzoátegui Zapata, J. C. (2019). Efectos de los anuncios de política monetaria y la credibilidad sobre las expectativas de inflación: evidencia para Colombia. Apuntes del CENES, 38(67), 65-86. DOI: https://doi. org/10.19053/01203053.v38.n67.2019.7912. http://repositorio.uptc.edu.co/handle/001/2575
Abstract: Este documento analiza los efectos de los anuncios del banco central sobre las expectativas de inflación para la economía colombiana. En particular, son estudiados los impactos de los pronunciamientos sobre la tasa de interés y los choques macroeconómicos sobre las tasas de inflación compensadas, dado el escenario de credibilidad de la política monetaria. La evidencia empírica es abordada por medio de un análisis de regresión con un modelo EGARCH para el período 2008-2016. Los resultados muestran que las expectativas de inflación responden a los anuncios de política. Además, los pronunciamientos fueron más efectivos en anclar las expectativas durante el período 2012-2016 y la mayor credibilidad de la política permitió que las expectativas fueran más estables frente a los choques externos.
Description: 1 recurso en línea (páginas 65-86).
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URI: http://repositorio.uptc.edu.co/handle/001/2575
Series/Report no.: Apuntes del CENES;Volumen 38, número 67 (Enero-Junio 2019)
Appears in Collections:Apuntes del CENES

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