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The international economic crisis and the colombian economy

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  • Ricardo Arguello C

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.

Suggested Citation

  • Ricardo Arguello C, 2011. "The international economic crisis and the colombian economy," Documentos de Trabajo 8574, Universidad del Rosario.
    • Handle: RePEc:col:000092:008574
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    File URL: http://repository.urosario.edu.co/bitstream/handle/10336/10906/8574.pdf
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    References listed on IDEAS

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    1. Alejandro Gaviria, 2004. "Visa Usa: Fortunas Y Extravíos De Los Emigrantes Colombianos En Los Estados Unidos," Documentos CEDE 3766, Universidad de los Andes, Facultad de Economía, CEDE.
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    Cited by:

    1. Carlos Ballesteros, 2016. "Mining and Energy Boom, Dutch Disease and Informality in Colombia: a DSGE Approach," Documentos de Trabajo CIEF 15011, Universidad EAFIT.

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    More about this item

    Keywords

    Crisis; Colombia; Applied General Equilibrium;
    All these keywords.

    JEL classification:

    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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