Determinants of inflation expectations in Colombia (2004-2018)

dc.contributor.advisorMora, Joséspa
dc.contributor.authorOsorio, Danielspa
dc.date.accessioned2023-03-02T01:34:32Z
dc.date.accessioned2023-02-02spa
dc.date.accessioned2023-11-24T01:05:46Z
dc.date.available2023-03-02T01:34:32Z
dc.date.available2023-11-24T01:05:46Z
dc.date.issued2019spa
dc.description.abstractThis work uses an unrestricted VAR model with exogenous variables (VARX) to investigate the determinants of inflation expectations in Colombia for the period 2004 to 2018 based on information of survey-based inflation expectations. According to the literature review,specially the work of Ueda (2010), we identified and classified six for the model: i) endogenous: headline inflation, inflation expectations, output gap, nominal exchange rate, and policy interest rate and; ii) exogenous: oil price (Brent), climate shocks, and changes in the inflation targeting. According to empirical results, we identify an inertial effect in inflation expectations followed by a partial adaptive behavior based on headline inflation with significant responses in the very short run; on the other hand, the results when the inflation expectation measure is changed, indicates that to the extent that more sectors are considered in the survey, the larger the number of determinants of inflation expectations.spa
dc.formatapplication/pdfspa
dc.format.extent68 páginasspa
dc.format.mimetypeapplication/pdfspa
dc.identifier.urihttps://vitela.javerianacali.edu.co/handle/123456789/591
dc.language.isospaspa
dc.publisherPontificia Universidad Javerianaspa
dc.publisher.placeCalispa
dc.rightsinfo:eu-repo/semantics/openAccessspa
dc.rights.accessRightshttp://purl.org/coar/access_right/c_abf2spa
dc.rights.creativecommonshttps://creativecommons.org/licenses/by-nc/4.0/spa
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/spa
dc.sourcePontificia Universidad Javerianaspa
dc.sourceVitelaspa
dc.subject.proposalFacultad de Ciencias Económicas y Administrativasspa
dc.subject.proposalMaestría Ciencias Económicas y de Gestiónspa
dc.subject.proposalinflation expectationsspa
dc.subject.proposalVARspa
dc.subject.proposalmonetary policyspa
dc.titleDeterminants of inflation expectations in Colombia (2004-2018)spa
dc.typeMaestríaspa
dc.typeMagister Ciencias Económicas y de Gestiónspa
dc.type.coarhttp://purl.org/coar/resource_type/c_bdccspa
dc.type.driverinfo:eu-repo/semantics/masterThesisspa
dc.type.hasversioninfo:eu-repo/semantics/acceptedVersionspa
dc.type.localTesis/Trabajo de grado - Monografía - Maestríaspa
dc.type.redcolhttps://purl.org/redcol/resource_type/TMspa
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