Monetary policy and inflation under the crawling peg: Some evidence from VARs for Colombia
Tài liệu tham khảo
Akaike, 1970, Fitting autoregressive models for prediction, Annals of the Institute of Statistical Mathematics, 22, 243
Banco de la Republica, Revista, Colombia.
Bernanke, 1986, Alternative explanations of the money-income correlation, 49
Cardoso, 1992, Deficit finance and monetary dynamics in Brazil and Mexico, Journal of Development Economics, 37, 173, 10.1016/0304-3878(91)90087-C
Departamento Administrativo Nacional de Estadistica, Boletin Estadistica, Colombia.
Dornbusch, 1990, Extreme inflation: Dynamics and stabilization, Brookings Papers on Economic Activity, 2, 1, 10.2307/2534504
Geweke, 1981, Estimating regression models of finite but unknown order, International Econonomic Review, 22, 55, 10.2307/2526135
Girton, 1977, A monetary model of exchange market pressure applied to the postwar Canadian experience, American Economic Review, 67, 537
Hafer, 1991, Policy inference using VAR models, Economic Inquiry, 29, 44, 10.1111/j.1465-7295.1991.tb01251.x
Hsaio, 1981, Autoregressive modelling and money-income causality detection, Journal of Monetary Economics, 7, 85, 10.1016/0304-3932(81)90053-2
International Monetary Fund, International Financial Statistics (IMF, Washington, DC).
Jones, 1989, A comparison of lag-length selection techniques in tests of Granger causality between money growth and inflation: Evidence for the US, 1959–1986, Applied Economics, 21, 809, 10.1080/758520275
Kamas, 1985, External disturbances and the independence of monetary policy under the crawling peg in Colombia, Journal of International Economics, 19, 313, 10.1016/0022-1996(85)90039-X
Leiderman, 1984, On the monetary-macro dynamics of Colombia and Mexico, Journal of Development Economics, 14, 183, 10.1016/0304-3878(84)90049-X
Lutkepohl, 1985, Comparison of criteria for estimating the order of a vector autoregressive process, Journal of Time Series Analysis, 6, 35, 10.1111/j.1467-9892.1985.tb00396.x
Lutkepohl, 1991
Montiel, 1989, Empirical analysis of high-inflation episodes in Argentina, Brazil and Israel, IMF Staff Papers, 36, 527, 10.2307/3867046
Nickelsberg, 1985, Small-sample properties of dimensionality statistics for fitting VAR models to aggregate economic data: A Monte-Carlo study, Journal of Econometrics, 28, 183, 10.1016/0304-4076(85)90118-6
Ohanian, 1988, The spurious effects of unit roots on vector auto-regressions: A Monte-Carlo study, Journal of Econometrics, 39, 251, 10.1016/0304-4076(88)90058-9
Reinhart, 1991, Output fluctuations and monetary shocks: Evidence from Colombia, IMF Staff Papers 38, 705, 10.2307/3867122
Schwarz, 1978, Estimating the dimension of a model, The Annals of Statistics, 6, 461, 10.1214/aos/1176344136
Stock, 1989, Interpreting the evidence on money-income causality, Journal of Econometrics, 40, 161, 10.1016/0304-4076(89)90035-3
Thorten, 1985, Lag-length selection and tests of Granger causality between money and income, Journal of Money Credit, and Banking, 17, 164, 10.2307/1992331
Todd, 1990, Vector autoregression evidence on monetarism: Another look at the robustness debate, Federal Reserve Bank of Minneapolis Quarterly Review, 19