A Disaggregated Model and Second Round Effects for CPI Inflation in Costa Rica
| dc.audience | Researchers | spa |
| dc.audience | Students | spa |
| dc.audience | Teachers | spa |
| dc.audience | Policymakers | spa |
| dc.creator | León-Murillo, Jorge | spa |
| dc.date.accessioned | 2019-07-23T08:56:04Z | |
| dc.date.available | 2019-07-23T08:56:04Z | |
| dc.date.created | 2012 | spa |
| dc.date.issued | 2012 | spa |
| dc.description | En este documento se estima un modelo de proyección de inflación de mediano plazo para Costa Rica. Este modelo utiliza datos desagregados de los componentes del Índice de Precios al Consumidor (IPC). Las estimaciones se realizan para un periodo en el cual la inflación se ha desacelerado y estabilizado alrededor de la meta de inflación planteada por el Banco Central de Costa Rica. Los resultados muestran que el uso de datos a nivel desagregado son al menos tan buenos como los datos agregados para la proyección de la inflación en el mediano plazo. El modelo estimado utilizando datos desagregados también permite diferenciar entre la inercia inflacionaria y los efectos de segunda ronda presentes en la inflación. | spa |
| dc.description.abstract | This paper estimates a medium-term forecasting model for the headline inflation of Costa Rica, utilizing disaggregate data from the components of the Consumer Price Index (CPI). The period used for the estimation is characterize by a process of reduction of inflation and stabilized around the Central Bank's inflation target. The result show that the use of disaggregate data is at least as good as the aggregate data in forecast accuracy. The disaggregate model allows to differentiate the inertia and the Second-Round effects present on the inflation. | spa |
| dc.format.extent | 34 paginas: gráficas, tablas | spa |
| dc.format.mimetype | spa | |
| dc.identifier.uri | https://repositorioinvestigaciones.bccr.fi.cr/handle/20.500.12506/115 | |
| dc.language.iso | eng | spa |
| dc.publisher | Banco Central de Costa Rica | spa |
| dc.relation.repec | https://ideas.repec.org/p/pra/mprapa/44484.html | spa |
| dc.relation.uri | https://activos.bccr.fi.cr/sitios/bccr/investigacioneseconomicas/DocPoliticaMonetariaInflacion/A_Disaggregated_Model_and_Second_Round_Effects_for_CPI_Inflation_in_Costa_Rica.pdf | spa |
| dc.rights | Acceso abierto | spa |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | spa |
| dc.rights.cc | Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 | spa |
| dc.rights.license | Open Access | spa |
| dc.rights.spa | Acceso abierto | spa |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | spa |
| dc.subject | Inflación | spa |
| dc.subject | Proyección | spa |
| dc.subject | IPC | spa |
| dc.subject | IPPI | spa |
| dc.subject | Efecto Segunda Ronda. | spa |
| dc.subject.jel | C51-Model Construction and Estimation | spa |
| dc.subject.jel | C53-Forecasting and Prediction Methods; Simulation Methods | spa |
| dc.subject.jel | E31-Price Level; Inflation; Deflation | spa |
| dc.subject.jel | E58-Central Banks and Their Policies | spa |
| dc.subject.jelspa | C51- Construcción de modelos y estimación | spa |
| dc.subject.jelspa | C53- Predicción y otras aplicaciones de modelos | spa |
| dc.subject.jelspa | E31- Nivel de precios; Inflación; Deflación | spa |
| dc.subject.jelspa | E58- Bancos centrales y sus políticas | spa |
| dc.subject.keyword | Inflation | spa |
| dc.subject.keyword | Forecast | spa |
| dc.subject.keyword | CPI | spa |
| dc.subject.keyword | PPI | spa |
| dc.subject.keyword | Second Round Effect | spa |
| dc.title | A Disaggregated Model and Second Round Effects for CPI Inflation in Costa Rica | spa |
| dc.type | Working Paper | spa |
| dc.type.hasversion | Published Version | spa |
| dc.type.spa | Documentos de trabajo | spa |
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