Estimación de la Curva de Phillips neokeynesiana para Colombia: 1990-2006

Juan Camilo Galvis

Estimación de la Curva de Phillips neokeynesiana para Colombia: 1990-2006

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2 Citas (Scopus)

Resumen

This paper seeks to verify empirically the existence of a New Keynesian Phillips curve for the Colombian economy. This allows determining if inflation dynamics are likely explained by microeconomic foundations. Additionally, this approach enables the analysis of price rigidities in the economy. The results suggest that: (1) unit labor costs explain inflation dynamics; (2) eighty percent of firms set their prices every five quarters; and, (3) productivity changes explain marginal costs.

Título traducido de la contribución	An estimated New Keynesian Phillips curve for Colombia, 1996-2006
Idioma original	Español
Páginas (desde-hasta)	11-47
Número de páginas	37
Publicación	Lecturas de Economia
Volumen	73
N.º	73
Estado	Publicada - dic. 2010
Publicado de forma externa	Sí

Nota bibliográfica

Publisher Copyright:
© 2010 Universidad de Antioquia. All rights reserved.

Palabras clave

Inflation
Nominal rigidities
Philips curve

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KW - Nominal rigidities

KW - Philips curve

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Estimación de la Curva de Phillips neokeynesiana para Colombia: 1990-2006

Resumen

Nota bibliográfica

Palabras clave

Huella

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