Resumo

MISAS, Martha; LOPEZ, Enrique; TELLEZ, Juana  e  ESCOBAR, José Fernando. Underlying Inflation in Colombia: a Common Stochastic Trend Approach Associated with a Structural Restriction Vectorial Error Correction Model (SVEC). Lect. Econ. [online]. 2005, n.63, pp.187-230. ISSN 0120-2596.

In this article the underlying inflation is estimated by means of a common stochastic trend scheme associated with a structural restriction vectorial error correction model (SVEC). The estimation possesses the desired characteristics concerning variance and it is related with the behavior of observed inflation. With the objective of proving the advantages of this methodology, two forecast series are calculated for inflation and underlying inflation with their respective confidence intervals; through bootstrapping techniques based on two randomly selected sampling lengths.

Palavras-chave : Underlying inflation; bootstrap methods.

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