Budget deficit, money growth and inflation: evidence from the colombian case

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Borradores de Economía; No. 537
Date published
2008-11-15
Date of last update
2008-11-15
Author
Lozano-Espitia, Luis Ignacio
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
Evidence of the causal long-term relationship between budget deficit, money growth and inflation in Colombia is analyzed in this paper, considering the standard (M1), the narrowest (M0-Base) and the broadest (M3) definitions of money supply. Using a vecto
JEL Codes
E31 - Price Level; Inflation; DeflationH62 - Deficit; SurplusE51 - Money Supply; Credit; Money MultipliersC12 - Hypothesis Testing: General
Keywords
Deficit ; Money supply ; Inflation ; Hypothesis testing ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5554
https://hdl.handle.net/20.500.12134/5554
https://doi.org/10.32468/be.537
https://ideas.repec.org/p/bdr/borrec/537.html
https://ideas.repec.org/p/col/000094/005127.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