Output fluctuations and monetary shocks in Colombia: A reply to Garcia

Carmen Reinhart
Authors registered in the RePEc Author Service: Vincent Raymond Reinhart

MPRA Paper from University Library of Munich, Germany

Abstract: We highlight in this note how an application of a similar estimation approach as ours to Colombian data for a more recent period following financial and capital account liberalization may find that the money supply is "endogenous" (i.e. demand-determined as long as the exchange rate is heavily managed.

Keywords: inflation; money; Colombia; capital; controls (search for similar items in EconPapers)
JEL-codes: E5 F0 (search for similar items in EconPapers)
Date: 1993-12
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Published in IMF Staff Papers 4.40(1993): pp. 876-877

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Related works:
Journal Article: Output Fluctuations and Monetary Shocks in Colombia: Reply to García (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13354

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