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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Tipo de recurso:
http://purl.org/coar/resource_type/c_6822
Fecha de publicación:
2013
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
OAI Identifier:
oai:repositorio.uptc.edu.co:001/11869
Acceso en línea:
https://revistas.uptc.edu.co/index.php/cenes/article/view/2064
https://repositorio.uptc.edu.co/handle/001/11869
Palabra clave:
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)
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Copyright (c) 2013 Harold Stevens Ávila Aguirre
id REPOUPTC2_ee6183ee26404680c5161c4f29a9dda3
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spelling 2013-10-012024-07-05T18:44:22Z2024-07-05T18:44:22Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/206410.19053/22565779.2064https://repositorio.uptc.edu.co/handle/001/11869The 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.application/pdfspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/2064/2041Copyright (c) 2013 Harold Stevens Ávila Aguirrehttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf323http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-163Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-1632256-57790120-3053money demandquantity theory of moneyMilton FriedmanMonetarismfinancial assetsreal assets.Demanda de dineroteoría cuantitativa del dineroMilton Friedman. (Money demandquantity theory of moneyMilton Friedman)Behavior of money demand in Colombia during the period 2000: I-2010: IVComportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IVinfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6822http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a406http://purl.org/coar/version/c_970fb48d4fbd8a85Aguirre, Harold Stevens Ávila001/11869oai:repositorio.uptc.edu.co:001/118692025-07-18 12:13:42.265metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv Behavior of money demand in Colombia during the period 2000: I-2010: IV
dc.title.es-ES.fl_str_mv Comportamiento de la demanda de dinero en Colombia durante el periodo 2000: I-2010: IV
title Behavior of money demand in Colombia during the period 2000: I-2010: IV
spellingShingle Behavior of money demand in Colombia during the period 2000: I-2010: IV
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)
title_short Behavior of money demand in Colombia during the period 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_sort Behavior of money demand in Colombia during the period 2000: I-2010: IV
dc.subject.en-US.fl_str_mv money demand
quantity theory of money
Milton Friedman
Monetarism
financial assets
real assets.
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)
dc.subject.es-ES.fl_str_mv Demanda de dinero
teoría cuantitativa del dinero
Milton Friedman. (Money demand
quantity theory of money
Milton Friedman)
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.
publishDate 2013
dc.date.accessioned.none.fl_str_mv 2024-07-05T18:44:22Z
dc.date.available.none.fl_str_mv 2024-07-05T18:44:22Z
dc.date.none.fl_str_mv 2013-10-01
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6822
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a406
format http://purl.org/coar/resource_type/c_6822
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/2064
10.19053/22565779.2064
dc.identifier.uri.none.fl_str_mv https://repositorio.uptc.edu.co/handle/001/11869
url https://revistas.uptc.edu.co/index.php/cenes/article/view/2064
https://repositorio.uptc.edu.co/handle/001/11869
identifier_str_mv 10.19053/22565779.2064
dc.language.none.fl_str_mv spa
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/2064/2041
dc.rights.en-US.fl_str_mv Copyright (c) 2013 Harold Stevens Ávila Aguirre
http://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf323
rights_invalid_str_mv Copyright (c) 2013 Harold Stevens Ávila Aguirre
http://creativecommons.org/licenses/by-nc-sa/4.0
http://purl.org/coar/access_right/c_abf323
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.publisher.en-US.fl_str_mv Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-163
dc.source.es-ES.fl_str_mv Apuntes del Cenes; Volumen 32 N° 55: enero - junio de 2013; 125-163
dc.source.none.fl_str_mv 2256-5779
0120-3053
institution Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv Repositorio Institucional UPTC
repository.mail.fl_str_mv repositorio.uptc@uptc.edu.co
_version_ 1839633851599552512

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