Relación tasa de cambio y actividad económica para Colombia en el período 1970 -2006
The exchange rate and economic activity relation is ambiguous. ~he international evidence are fitted to the results of Edwards (1986), whlch indicate that in the short run the devaluation is contractionary whil~ in the long run is neutral. This paper examines empirically this relatlon for Colomb...
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| Autores principales: | , |
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| Formato: | Artículo |
| Lenguaje: | español |
| Publicado: |
2007
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| Materias: | |
| Acceso en línea: | https://dialnet.unirioja.es/servlet/oaiart?codigo=7186952 |
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| Sumario: | The exchange rate and economic activity relation is ambiguous. ~he
international evidence are fitted to the results of Edwards (1986), whlch
indicate that in the short run the devaluation is contractionary whil~ in
the long run is neutral. This paper examines empirically this relatlon
for Colombia through an Error Correction Model for the product for the years 1970-2004. The results show both an expansíve and contractíve
impact on the product of the devaluation rateo However, in net terms
the impact of the devaluatíon rate is null. |
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