Logo
Munich Personal RePEc Archive

Dinero como indicador de la inflación en Chile

Huaita, Franklin (2005): Dinero como indicador de la inflación en Chile.

[thumbnail of MPRA_paper_9943.pdf]
Preview
PDF
MPRA_paper_9943.pdf

Download (310kB) | Preview

Abstract

This paper proposes a closed-economy new keynesian model to evaluate the role of high growth rate of monetary aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived by the model through Generalized Method of Moments (GMM). Main results do not find statistical evidence of relevant additional information in monetary aggregates -M1A and M2A- to predict inflation that were not contained in lags of output gap.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.