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Medidas alternativas de tasa de cambio real para Colombia

Author

Listed:
  • Gloria Alonso
  • Juan Nicolás Hernandez
  • José David Pulido
  • Martha Lucía Villa
Abstract
En un escenario como el actual, de continua apreciación nominal del peso colombiano frente al dólar, se hace relevante insistir en el uso de un concepto más amplio, como es la tasa de cambio real (TCR), para examinar las causas de la apreciación y evaluar la competitividad del país. Son muchos los enfoques a partir de los cuales se aborda el concepto de esta variable y por ello nació la idea del Observatorio de TCR. Su propósito esencial es centralizar y proveer las herramientas necesarias para su análisis respondiendo a las inquietudes de los agentes involucrados y constituyéndose en un elemento para la toma de decisiones de política económica. En este documento se proponen medidas alternativas de fácil seguimiento para evaluar periódicamente la evolución de la TCR y se analiza de forma preliminar qué tan desalineadas están sus distintas variantes respecto de su nivel de largo plazo. Las medidas alternativas muestran tendencias similares a las mediciones tradicionales, aunque difieren en la magnitud e interpretación del efecto. En cuanto a los determinantes del TCR a nivel global las ganancias en productividad relativa derivan en una moneda más fuerte. La información disponible sugiere que la industria colombiana ha incrementado su productividad, en especial si se compara con Estados Unidos y que el nivel actual del tipo de cambio real es cercano a aquel que es consistente con el grado de desarrollo de la economía.

Suggested Citation

  • Gloria Alonso & Juan Nicolás Hernandez & José David Pulido & Martha Lucía Villa, 2008. "Medidas alternativas de tasa de cambio real para Colombia," Borradores de Economia 514, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:514
    DOI: 10.32468/be.514
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Deicy Cristiano & Anderson Grajales & Mario Ramos, 2011. "Clasificación de la economía colombiana entre actividades transables y no transables," Borradores de Economia 9077, Banco de la Republica.
    2. Orlando Lorduy Herrera, 2015. "La paridad del poder adquisitivo: nueva evidencia para Colombia y Latinoamérica," Revista CIFE, Universidad Santo Tomás, February.
    3. Juan Manuel Candelo-Viafara & Andrés Oviedo-Gómez, 2021. "La tasa de cambio y sus impactos en los agregados económicos colombianos: una aproximación FAVAR," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 29(2), pages 121-142, October.
    4. Andrea Salazar-Díaz & Aarón Levi Garavito-Acosta & Sergio Restrepo Ángel & Leidy Viviana Arcila-Agudelo, 2023. "Real Equilibrium Exchange Rate in Colombia: Thousands of VEC Models Approach," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 99, pages 33-78, July-Dece.
    5. Rafael Puyana Martínez-Villaba, 2010. "El efecto Balassa-Samuelson en Colombia," Borradores de Economia 630, Banco de la Republica de Colombia.
    6. Rafael Puyana, 2010. "El efecto Balassa-Samuelson en Colombia," Borradores de Economia 7801, Banco de la Republica.
    7. Gómez Aguirre Mario & Rodríguez Chávez José Carlos, 2013. "El efecto Harrod-Balassa-Samuelson. El caso de México," Contaduría y Administración, Accounting and Management, vol. 58(3), pages 121-147, julio-sep.
    8. Rafael Puyana Martínez-Villalba, 2011. "El efecto Balassa-Samuelson en Colombia," Documentos CEDE 7959, Universidad de los Andes, Facultad de Economía, CEDE.

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    More about this item

    Keywords

    Índice de Tasa de Cambio; Productividad; Competitividad; Paridad de Poder de Compra; Costo Laboral Unitario; Balassa- Samuelson.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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