Browsing by Author "Arias Rodas, Marcos Xavier"

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    Relación inflación y brecha del producto para el Ecuador 1985-2016
    (2018) Arias Rodas, Marcos Xavier; Arias Rodas, Marcos Xavier
    This academic paper has the objective of analyzing the relationship between inflation and the output GAP in Ecuador in two periods: before and after dollarization, using the generalized method of moments estimation (GMM), through different specifications of the Phillips Curve. In this analysis, the explanatory variables were also included, such as: foretold inflation, inflation lags, the logarithm of the real exchange rate index and the real wage index. In addition, a cointegration analysis was carried out using the autoregressive distributed lag model (ARDL). The results showed that in a dollarization regime, the Phillips Curve is more elastic than in the previous period. In the long run, the variable that best explains the behavior of inflation is the real exchange rate index