Examinando por Materia "VECM"

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    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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