87
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

Coffee export booms and monetary disequilibrium: some evidence for Colombia

Pages 267-276 | Published online: 05 Oct 2010

References

  • Banco de la República . 1993 . Principales Indicadores Ecónomicos 1923–1992 , Bogota : Banco de la República .
  • Campbell , J. and Perron , P. 1991 . “ Pitfalls and opportunities: what macroeconomists should know about unit roots ” . In NBER Economics Annual , Edited by: Blanchard , O. and Fischer , S. 141 – 201 . Cambridge, MA : MIT Press .
  • Carkovic , M. 1986 . The real exchange determination and optimal exchange rate policy: The case of coffee in Colombia , Los Angeles : University of California . Ph.D. dissertation
  • Corden , M. and Neary , P. 1982 . Booming sector and deindustrialisation in a small open economy . The Economic Journal , 92 : 825 – 848 .
  • Cubillos , R. and Valderrama , F. 1993 . Estimación del PIB trimestral según los comparantes del gasto . Archives de Macroeconomia , 13 DNP
  • Dickey , D. and Fuller , W. 1981 . Likelihood ratio statistics for autoregressive time series with a unit root . Econometrica , 49 : 1057 – 1072 .
  • Dickey , D. , Bell , W. and Miller , R. 1986 . Unit roots in time series models . American Statistician , 40 : 12 – 26 .
  • Doornik , J. and Hendry , D. 1994 . PCFIML 8.0: Interactive Econometric Modelling of Dynamic Systems , London : International Thomson Publishing .
  • Doornik , J. and Hendry , D. 1994 . PCGIVE 8.0: An Interactive Econometric Modelling System , London : International Thomson Publishing .
  • Edwards , S. 1983 . The short-run relation between growth and inflation in Latin America: comment . American Economic Review , 70 : 477 – 482 .
  • Edwards , S. 1984 . Coffee, money and inflation in Colombia , 1107 – 1117 . World Development .
  • Edwards , S. 1985 . “ The interaction of coffee, money and inflation in Colombia ” . In Linking Macroeconomic and Agricultural Policies for Adjustment with Growth , Edited by: Thomas , V. 165 – 178 . Baltimore : The Johns Hopkins University Press .
  • Edwards , S. 1986 . “ A commodity export boom and the real exchange rate: The money-inflation link ” . In Natural Resources and the Macroeconomy , Edited by: Neary , P. and van Wijnbergen , S. 229 – 248 . Oxford : Basil Blackwell Ltd. .
  • Edwards , S. 1986 . “ Commodity export prices and the real exchange rate in developing countries: Coffee in Colombia ” . In Economic Adjustment and Exchange Rates in Developing Countries , Edited by: Edwards , S. and Ahamed , L. 235 – 260 . Chicago : The University of Chicago Press .
  • Edwards , S. and Aoki , M. 1983 . Oil export boom and Dutch disease: a dynamic analysis . Resources and Energy , 5 : 219 – 242 .
  • Engle , R. and Granger , C. 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , 55 : 251 – 276 .
  • Engle , R. , Hendry , D. and Richard , J. 1983 . Exogeneity . Econometrica , 51 : 277 – 304 .
  • Ericsson , N. , Hendry , D. and Tran , H. 1994 . “ Cointegration, seasonality, encompassing, and the demand for money in the UK ” . In Nonstationary Time Series Analysis and Cointegration , Edited by: Hargreaves , C. 179 – 224 . Oxford : Oxford University Press .
  • Guerrero , V. 1989 . Optimal conditional ARIMA forecasts . Journal of Forecasting , 8 : 215 – 229 .
  • Harberger , A. 1983 . Dutch disease-how much sickness, how much boom . Resources and Energy , 5 : 1 – 20 .
  • Johansen , S. 1988 . Statistical analysis of Cointegration vectors . Journal of Economic Dynamics and Control , 12 : 231 – 254 .
  • Johansen , S. 1992 . Testing weak exogeneity and the order of Cointegration in UK money demand data . Journal of Policy Modeling , 14 : 313 – 334 .
  • Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration-with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
  • Kamas , L. 1985 . External disturbances and the independence of monetary policy under the crawling peg in Colombia . Journal of International Economics , 19 : 313 – 327 .
  • Kamas , L. 1995 . Monetary policy and inflation under the crawling peg: Some evidence from VARs for Colombia . Journal of Development Economics , 46 : 145 – 161 .
  • MacKinnon , J. 1991 . “ Critical values for co-integration tests ” . In Long-run Economic Relationships , Edited by: Engle , R. and Granger , C. 267 – 276 . Oxford : Oxford University Press .
  • Neary , J. 1985 . “ Real and monetary aspects of the Dutch disease ” . In Structural Adjustment in Developed Open Economies , Edited by: Jungenfelt , K. and Hague , D. 357 – 380 . Houndmills : The Macmillan Press Ltd. .
  • Neary , J. and van Wijnbergen , S. 1984 . Can an oil discovery lead to a recession? A comment on Eastwood and Venables . The Economic Journal , 94 : 390 – 395 .
  • Neary , J. and van Wijnbergen , S. 1986 . “ Natural resources and the macroeconomy: A theoretical framework ” . In Natural Resources and the Macroeconomy , Edited by: Neary , P. and van Wijnbergen , S. 13 – 45 . Oxford : Basil Blackwell Ltd. .
  • Ocampo , J. 1989 . Ciclo cafetero y comportamiento macroeconómico en Colombia: 1940–1987 (continuación) . Coyuntura Económica , 19 : 147 – 183 .
  • Osterwald-Lenum , M. 1992 . A note with quantiles of the asymptotic distribution of the ML cointegration rank tests statistics . Oxford Bulletin of Economics and Statistics , 54 : 461 – 472 .
  • Perron , P. 1988 . Trends and random walks in macroeconomic time series . Journal of Economics Dynamics and Control , 12 : 297 – 332 .
  • Perron , P. 1989 . The great crash, the oil price shock, and the unit root hypothesis . Econometrica , 57 : 1361 – 1401 .
  • Perron , P. 1993 . The great crash, the oil price shock, and the unit root hypothesis: Erratum . Econometrica , 61 : 248 – 249 .
  • Ramos , J. and Rodriguez , N. 1995 . Déficit fiscal y tasas de interés en Colombia , Borradores Semanales de Economía 19 Banco de la República .
  • Reinhart , C. and Reinhart , V. 1991 . Output fluctuations and monetary shocks: evidence from Colombia . Staff Papers International Monetary Fund , 38 : 705 – 735 .
  • Steiner , R. 1983 . Estabilización del mercado cafetero y comentarios al manejo del sector en 1977 . Ensayos Sobre Politico Economica , 3 : 173 – 198 .
  • Steiner , R. 1996 . Los ingresos de Colombia producto de la exportation de drogas ilícitas . Coyuntura Económica , 26 : 73 – 106 .
  • Toro , J. 1987 . Tasa de interés y variaciones en el grado de apertura de la economía Colombiana durante el período 1967–1985 . Desarrollo y Sociedad , 20 : 129 – 175 .
  • Urrutia , M. 1981 . “ Experience with the crawling peg in Colombia, in Exchange Rate Rules: The Theory ” . In Performance and Prospects of the Crawling Peg , Edited by: Williamson , J. 207 – 220 . London : The Macmillan Press Ltd. .
  • Wunder , S. 1991 . Dutch disease theory and the case of Colombia , University of Copenhagen . Ph.D. dissertation

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.