An estimation of the nonlinear Phillips Curve in Colombia

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Borradores de Economía; No. 160
Date published
2000-10-18
Date of last update
2000-10-18
Author
Gómez-Pineda, Javier G.
Julio-Román, Juan Manuel
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
As originally drawn and estimated by professor Phillips, the Phillips, curve is a curve indeed, not a straight line as often thought. Following Laxton, et. al. (1999) we estimate a convex Phillips curve and model de NAURI as a variable that is unobserv
JEL Codes
E31 - Price Level; Inflation; DeflationE37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application
Keywords
Phillips curve ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5178
https://hdl.handle.net/20.500.12134/5178
https://doi.org/10.32468/be.160
https://ideas.repec.org/p/bdr/borrec/160.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit