We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...

We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...

Spanish Abstract: El indicador de precios ajustado para expresar las presiones inflacionarias «excluyendo las variaciones de corto plazo», normalmente es construido eliminando los sub componentes del índice que son altamente volátiles, esta forma de calcular la denominada inflación...

Spanish Abstract:La literatura económica se ha preocupado de manera regular por comprender los determinantes de la demanda de dinero y estimar sus elasticidades asociadas. Sin embargo, en la mayoría de los casos dichas estimaciones se realizan a nivel de país, lo que no permite estudiar las...