Dinero como indicador de la inflación en Chile

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

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.

• Item Type: MPRA Paper
• English Title: Money as an inflation indicator in Chile
• Language: Spanish
• Keywords: Money, Inflation, GMM, Phillips Curve
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

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