Caída y convergencia mundial de las tasas de inflación
The trend observed since 1998 towards global disinflation and for national inflation rates to stabilize at low levels is due to the behavior of inflation in the United States according to the econometric exercises reported in this paper with a quarterly frequency data from the United States and 30 o...
- Autores:
-
Posada Posada, Carlos Esteban
Gómez, Wilman
Rhenals, Remberto
- Tipo de recurso:
- Fecha de publicación:
- 2021
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/27213
- Acceso en línea:
- http://hdl.handle.net/10784/27213
- Palabra clave:
- Inflation
Convergence
Open Economy
Monetary Policy
VECM
Panel Data
inflación
convergencia
economía abierta
política monetaria
modelo de cointegración con datos en panel
- Rights
- License
- Acceso abierto
| Summary: | The trend observed since 1998 towards global disinflation and for national inflation rates to stabilize at low levels is due to the behavior of inflation in the United States according to the econometric exercises reported in this paper with a quarterly frequency data from the United States and 30 other countries. Additionally, the empirical evidence indicates that, in general, national monetary policies have been lax, in the following sense: monetary policy makers have taken advantage of disinflationary (or deflationary) forces coming from the United States to execute lax policies anticipating some benefits from those without fearing that its cost in terms of higher inflation will become evident. |
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