Descomponiendo el efecto del gasto público en la tasa de cambio real: Una aproximación al caso Colombiano

Artikel

This paper studies the relation between government spending composition and long-run behavior of Colombian real Exchange rate given the recomposition since 2004 from public consumption to public investment. Our results suggest that empirical models work better when the relative price of non-tradables is used as a measure of the real Exchange rate instead of an index based on the purchasing power parity. Besides, there is evidence that real exchange rate behavior is mainly explained by supply side factors and that without the recomposition, expected real Exchange rate would have been close to the observed one.

Angaben zum Objekt

• Weitere Titel: Decomposing the effect of public spending on the real exchange rate: An approximation to the Colombian case
• Sprache: Spanisch

Verweise und Beziehungen

• Erschienen in: Journal: Revista de Métodos Cuantitativos para la Economía y la Empresa ; ISSN: 1886-516X ; Volume: 27 ; Year: 2019 ; Pages: 91-114

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Open Economy Macroeconomics ; Fiscal Policy ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
• Thema: government spending ; real exchange rate ; relative price of non-tradables ; misalignment ; Balassa-Samuelson

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Alonso, Julio ; Jaramillo, Luis
• Ereignis: Veröffentlichung
• (wer): Universidad Pablo de Olavide
• (wo): Sevilla
• (wann): 2019

Weitere Informationen

• DOI: doi:10.46661/revmetodoscuanteconempresa.2705
• Handle: http://hdl.handle.net/10419/286156
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ