Examinando por Autor "Rhenals, Remberto"

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    Ítem
    Caída y convergencia mundial de las tasas de inflación
    (Universidad EAFIT, 2021-03-19) Posada Posada, Carlos Esteban; Gómez, Wilman; Rhenals, Remberto; Universidad EAFIT; Universidad de Antioquia; Universidad de Antioquia; cposad25@eafit.edu.co
    The trend observed since 1998 towards global disinflation and for national inflation rates to stabilize at low levels is due to the behavior of inflation in the United States according to the econometric exercises reported in this paper with a quarterly frequency data from the United States and 30 other countries. Additionally, the empirical evidence indicates that, in general, national monetary policies have been lax, in the following sense: monetary policy makers have taken advantage of disinflationary (or deflationary) forces coming from the United States to execute lax policies anticipating some benefits from those without fearing that its cost in terms of higher inflation will become evident.
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    Ítem
    Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
    (Universidad EAFIT, 2018-12-01) Gómez, Wilman; Posada, Carlos Esteban; Rhenals, Remberto; wilman.gomez@udea.edu.co
    The objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, given the evolution of other factors, reduces the TFP. Other results of the econometric exercise, those that are related to hypothetical positive effects of public investment and imports on TFP were not as robust or as reliable as we would have expected.