Underlying Inflation in Colombia: a common stochastic trend approach associated with structural restriction vectorial error correction model (SVEC)

Martha Misas, Enrique López, Juana Téllez () and José Fernando Escobar
Additional contact information
Juana Téllez: Banco de la República de Colombia

Lecturas de Economía, 2005, issue 63, 187-230

Abstract: In this article the underlying inflation is estimated by means of a common stochastic trend scheme associated with a structural restriction vectorial error correction model (SVEC). The estimation possesses the desired characteristic concerning variance and it's related with the behavior of observed inflation. With the objective of proving the advantages of this methodology, two forecast series are calculated for inflation and underlying inflation with their respective confidence intervals; through bootstrappingtechniques based on two randomly selected sampling lenghts.

Keywords: underlying inflation; bootstrap methods (search for similar items in EconPapers)
JEL-codes: C15 E31 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/315 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2005:i:63:p:187-230

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().