This document presents the estimation of a recent version of the P-Star model by Gerlach and Svensson (2003) and its predictions for Colombia (January 1980 to April 2005). The model is designed to explain the inflation gap (observed rate minus the target) based on the monetary gap and the output gap. According to the results, the output gap lacks significant effects while the monetary gap has significant positive effects on inflation.
This paper identifies the output gap using the theoretical definition of the gap within a Phillips c...
The P-star model performance in predicting inflation renders it a valuable tool in analyzing dynamic...
Colombia has been on a steady disinflation path since the early 1990s. The paper presents a model of...
In this paper two new measures of the Colombian output gap and the real neutral interest rate are pr...
In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most ...
In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most ...
lAbstract: The study of the income velocity of money is important since monetary factors play a caus...
In this paper two new measures of the Colombian output gap and the real neutral interest rate are pr...
This paper measures inflation persistence in Colombia for the period1990-2010 and estimates the impl...
This paper measures inflation persistence in Colombia for the period 1990-2010 and estimates the imp...
Potential effects of financial stock values, world market demand, exchange rate fluctuations and oth...
The P-star inflation model is based on the long-term quantity theory of money and puts together the ...
This paper presents a test of the P* model using Iran quarterly data over the period 1988-2005. The ...
This research studies the forecasting performance of conventional and more recent exchange rate mode...
The thrust of this research paper is to examine the inflation information that is contained in the o...
This paper identifies the output gap using the theoretical definition of the gap within a Phillips c...
The P-star model performance in predicting inflation renders it a valuable tool in analyzing dynamic...
Colombia has been on a steady disinflation path since the early 1990s. The paper presents a model of...
In this paper two new measures of the Colombian output gap and the real neutral interest rate are pr...
In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most ...
In an economy conducted under an Inflation Targeting regime, the output gap becomes one of the most ...
lAbstract: The study of the income velocity of money is important since monetary factors play a caus...
In this paper two new measures of the Colombian output gap and the real neutral interest rate are pr...
This paper measures inflation persistence in Colombia for the period1990-2010 and estimates the impl...
This paper measures inflation persistence in Colombia for the period 1990-2010 and estimates the imp...
Potential effects of financial stock values, world market demand, exchange rate fluctuations and oth...
The P-star inflation model is based on the long-term quantity theory of money and puts together the ...
This paper presents a test of the P* model using Iran quarterly data over the period 1988-2005. The ...
This research studies the forecasting performance of conventional and more recent exchange rate mode...
The thrust of this research paper is to examine the inflation information that is contained in the o...
This paper identifies the output gap using the theoretical definition of the gap within a Phillips c...
The P-star model performance in predicting inflation renders it a valuable tool in analyzing dynamic...
Colombia has been on a steady disinflation path since the early 1990s. The paper presents a model of...
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