Inflation in Colombia and Possible Future Scenarios
Inflation is the continuous and sustained increase in the general level of prices, and its control is one of the fundamental objectives of economic policy in any country, given the effects it has on the economy and society. In the first place, it affects people's purchasing power, to the extent...
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| Format: | Online |
| Language: | spa eng |
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Universidad Pedagógica y Tecnológica de Colombia
2022
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/14682 |
| _version_ | 1801705969726521344 |
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| author | Vallejo Zamudio, Luis Eudoro |
| author_facet | Vallejo Zamudio, Luis Eudoro |
| author_sort | Vallejo Zamudio, Luis Eudoro |
| collection | OJS |
| description | Inflation is the continuous and sustained increase in the general level of prices, and its control is one of the fundamental objectives of economic policy in any country, given the effects it has on the economy and society. In the first place, it affects people's purchasing power, to the extent that their purchasing power is reduced, that is, they will have less income to cover their expenses. In this way, inflation acts as a regressive tax, in the proportion in which it affects the income of the population, especially the poorest, who see how these resources are reduced. Second, it generates a forced redistribution of income because the producers pass on the price increase to the final consumer; this result has more notorious repercussions on employees, especially on those who have low levels of remuneration. Third, it inevitably affects the competitiveness of a country, since if inflation is higher than that of its trading partners, the country's goods and services that have high prices will not be attractive in international markets. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-14682 |
| institution | Revista Apuntes del Cenes |
| language | spa eng |
| publishDate | 2022 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-146822023-08-31T15:48:18Z Inflation in Colombia and Possible Future Scenarios La inflación en Colombia y los posibles escenarios futuros Vallejo Zamudio, Luis Eudoro Infaltion Colombia economic policy taxes Inflación Colombia política económica impuestos Inflation is the continuous and sustained increase in the general level of prices, and its control is one of the fundamental objectives of economic policy in any country, given the effects it has on the economy and society. In the first place, it affects people's purchasing power, to the extent that their purchasing power is reduced, that is, they will have less income to cover their expenses. In this way, inflation acts as a regressive tax, in the proportion in which it affects the income of the population, especially the poorest, who see how these resources are reduced. Second, it generates a forced redistribution of income because the producers pass on the price increase to the final consumer; this result has more notorious repercussions on employees, especially on those who have low levels of remuneration. Third, it inevitably affects the competitiveness of a country, since if inflation is higher than that of its trading partners, the country's goods and services that have high prices will not be attractive in international markets. La inflación es el incremento continuo y sostenido en el nivel general de precios, y su control es uno de los objetivos fundamentales de la política económica en cualquier país, dados los efectos que tiene en la economía y en la sociedad. En primer lugar, afecta el poder adquisitivo de las personas, en la medida en que se reduce su capacidad de compra, es decir, tendrán menos ingresos para cubrir sus gastos. De esta forma, la inflación actúa como un impuesto regresivo, en la proporción en que afecta los ingresos de la población, en especial de la más pobre, que ve cómo dichos recursos se reducen. En segundo lugar, genera una redistribución forzada del ingreso, debido a que los productores trasladan el incremento de precios al consumidor final; este resultado tiene repercusiones más notorias en los asalariados, sobre todo en quienes poseen bajos niveles de remuneración. En tercer lugar, afecta, inevitablemente, la competitividad de un país, puesto que, si la inflación es más alta que la de sus socios comerciales, los bienes y servicios del país que tienen precios altos no serán atractivos en los mercados internacionales. Universidad Pedagógica y Tecnológica de Colombia 2022-07-28 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/14682 10.19053/01203053.v41.n74.2022.14682 Apuntes del Cenes; Vol. 41 No. 74 (2022); 7-13 Apuntes del Cenes; Vol. 41 Núm. 74 (2022); 7-13 2256-5779 0120-3053 spa eng https://revistas.uptc.edu.co/index.php/cenes/article/view/14682/12055 https://revistas.uptc.edu.co/index.php/cenes/article/view/14682/12056 https://revistas.uptc.edu.co/index.php/cenes/article/view/14682/13411 Copyright (c) 2022 Luis Eudoro Vallejo Zamudio http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Infaltion Colombia economic policy taxes Inflación Colombia política económica impuestos Vallejo Zamudio, Luis Eudoro Inflation in Colombia and Possible Future Scenarios |
| title | Inflation in Colombia and Possible Future Scenarios |
| title_alt | La inflación en Colombia y los posibles escenarios futuros |
| title_full | Inflation in Colombia and Possible Future Scenarios |
| title_fullStr | Inflation in Colombia and Possible Future Scenarios |
| title_full_unstemmed | Inflation in Colombia and Possible Future Scenarios |
| title_short | Inflation in Colombia and Possible Future Scenarios |
| title_sort | inflation in colombia and possible future scenarios |
| topic | Infaltion Colombia economic policy taxes Inflación Colombia política económica impuestos |
| topic_facet | Infaltion Colombia economic policy taxes Inflación Colombia política económica impuestos |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/14682 |
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