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The international economic crisis and the colombian economy

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  • Ricardo Argüello C

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Abstract

The purpose of this research is to provide an approximation to the likely effects of the crisis on the Colombian economy and to the effectiveness of policy response. For this, the most relevant transmission channels and policy measures are simulated in the setting of a static computable general equilibrium model (CGE). The results obtained are interesting in their own right and are in line with what could be expected given the information available on the behavior of the Colombian economy. Furthermore, they call into question the effectiveness of governmental intervention as judged by its intended countercyclical effects.

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File URL: http://www.urosario.edu.co/urosario_files/e7/e71e64c0-7692-4eaf-a5be-25d25c0ed78e.pdf
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Bibliographic Info

Paper provided by UNIVERSIDAD DEL ROSARIO in its series DOCUMENTOS DE TRABAJO with number 008574.

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Length: 30
Date of creation: 01 May 2011
Date of revision:
Handle: RePEc:col:000092:008574

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Keywords: Crisis; Colombia; Applied General Equilibrium;

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  1. Alejandro Gaviria, 2004. "Visa Usa: Fortunas Y Extravíos De Los Emigrantes Colombianos En Los Estados Unidos," DOCUMENTOS CEDE 003766, UNIVERSIDAD DE LOS ANDES-CEDE.
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