Inflation and money in Colombia: another P-Star model
Andres Gonzalez,
Luis Melo-Velandia and
Carlos Posada
Applied Economics, 2009, vol. 41, issue 10, 1321-1329
Abstract:
This document presents the estimation of a recent version of the P-Star model by Gerlach and Svensson (2003) and its predictions for Colombia (January 1980 to April 2005). The model is designed to explain the inflation gap (observed rate minus the target) based on the monetary gap and the output gap. According to the results, the output gap lacks significant effects while the monetary gap has significant positive effects on inflation.
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840701704493 (text/html)
Access to full text is restricted to subscribers.
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:taf:applec:v:41:y:2009:i:10:p:1321-1329
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20
DOI: 10.1080/00036840701704493
Access Statistics for this article
Applied Economics is currently edited by Anita Phillips
More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().