Behavior of money demand in Colombia during the period 2000: I-2010: IV
The article develops an econometric model to determine the behavior of money demand in Colombia using theoretical fundamentals as proposed by the monetarist side in the reformulation of the quantity theory of money, developed by Milton Friedman. We used for the estimation the OLS method and the samp...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2013
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/2064 |
| _version_ | 1801705938424430592 |
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| author | Aguirre, Harold Stevens Ávila |
| author_facet | Aguirre, Harold Stevens Ávila |
| author_sort | Aguirre, Harold Stevens Ávila |
| collection | OJS |
| description | The article develops an econometric model to determine the behavior of money demand in Colombia using theoretical fundamentals as proposed by the monetarist side in the reformulation of the quantity theory of money, developed by Milton Friedman. We used for the estimation the OLS method and the sample took quarterly data from 2000: I to 2010: IV. We used as scale variables real GDP and opportunity cost of the interest rate of Term Deposit Certificates VNPI, as the approximate variable of price level is assumed the CPI. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-2064 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2013 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-20642022-06-17T21:33:34Z Behavior of money demand in Colombia during the period 2000: I-2010: IV Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV Aguirre, Harold Stevens Ávila money demand quantity theory of money Milton Friedman Monetarism financial assets real assets. Demanda de dinero teoría cuantitativa del dinero Milton Friedman. (Money demand quantity theory of money Milton Friedman) The article develops an econometric model to determine the behavior of money demand in Colombia using theoretical fundamentals as proposed by the monetarist side in the reformulation of the quantity theory of money, developed by Milton Friedman. We used for the estimation the OLS method and the sample took quarterly data from 2000: I to 2010: IV. We used as scale variables real GDP and opportunity cost of the interest rate of Term Deposit Certificates VNPI, as the approximate variable of price level is assumed the CPI. En este artículo se elabora un modelo econométrico para determinar el comportamiento de la demanda de dinero en Colombia, utilizando como marco teórico los fundamentos propuestos por la vertiente monetarista en la reformulación de la teoría cuantitativa del dinero desarrollada por Milton Friedman. El método que se usa para hacer la estimación es el de mínimos cuadrados ordinarios, y la muestra toma datos trimestrales desde 2000: I a 2010: IV. Como variables de escala se utilizan el PIB real y de costo de oportunidad a la tasa de interés de los CDT y al IPVN, como variable aproximada del nivel de precios se asume el IPC. Universidad Pedagógica y Tecnológica de Colombia 2013-10-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/2064 10.19053/22565779.2064 Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-163 Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-163 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/2064/2041 Copyright (c) 2013 Harold Stevens Ávila Aguirre http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | money demand quantity theory of money Milton Friedman Monetarism financial assets real assets. Demanda de dinero teoría cuantitativa del dinero Milton Friedman. (Money demand quantity theory of money Milton Friedman) Aguirre, Harold Stevens Ávila Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title | Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title_alt | Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV |
| title_full | Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title_fullStr | Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title_full_unstemmed | Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title_short | Behavior of money demand in Colombia during the period 2000: I-2010: IV |
| title_sort | behavior of money demand in colombia during the period 2000 i 2010 iv |
| topic | money demand quantity theory of money Milton Friedman Monetarism financial assets real assets. Demanda de dinero teoría cuantitativa del dinero Milton Friedman. (Money demand quantity theory of money Milton Friedman) |
| topic_facet | money demand quantity theory of money Milton Friedman Monetarism financial assets real assets. Demanda de dinero teoría cuantitativa del dinero Milton Friedman. (Money demand quantity theory of money Milton Friedman) |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/2064 |
| work_keys_str_mv | AT aguirreharoldstevensavila behaviorofmoneydemandincolombiaduringtheperiod2000i2010iv AT aguirreharoldstevensavila comportamientodelademandadedineroencolombiaduranteelperiodo2000i2010iv |
