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Hechos Estilizados de la Economía Colombiana:Fundamentos Empíricos para la Construcción y Evaluación de un Modelo DSGE

  • Juan Carlos Parra Alvarez

    ()

En este documento se presentan los resultados obtenidos de un ejercicio empírico que pretendeextraer los principales hechos estilizados de la economía colombiana para el período 1994:I2007:I. El objetivo es servir de apoyo tanto para el diseño y especificación como para la evaluaciónde un modelo de equilibrio general dinámico y estocástico (DSGE) que actualmentedesarrolla el Departamento de Modelos Macroeconómicos del Banco de la República. Para ellose emplea una base de datos que permite descomponer algunos de los principales agregadosmacroeconómicos calculados por el DANE a través del sistema de cuentas nacionales anualesen sus componentes doméstico e importado, asi como construir una medida de los márgenesde comercialización adicionados a los bienes de consumo e inversión importados. Una vez sedispone de los datos, se analiza la estructura de la economía colombiana por componentes deoferta y demanda siguiendo de cerca la metodología empleada por Restrepo y Soto (2004) enChile y Restrepo y Reyes (2000) en Colombia.

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Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 004602.

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Length: 47
Date of creation: 15 Apr 2008
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Handle: RePEc:col:000094:004602
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  8. Luis Eduardo Arango T. & Mauricio Castillo, 1999. "¿Son Estilizadas Las Regularidades Del Ciclo Económico?Una Breve Revisión De La Literatura," BORRADORES DE ECONOMIA 003835, BANCO DE LA REPÚBLICA.
  9. Hnatkovska, Viktoria & Loayza, Norman, 2004. "Volatility and growth," Policy Research Working Paper Series 3184, The World Bank.
  10. Timothy Cogley & James M. Nason, 1993. "Effects of the Hodrick-Prescott filter on trend and difference stationary time series: implications for business cycle research," Working Papers in Applied Economic Theory 93-01, Federal Reserve Bank of San Francisco.
  11. Agenor, Pierre-Richard & McDermott, C John & Prasad, Eswar S, 2000. "Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts," World Bank Economic Review, World Bank Group, vol. 14(2), pages 251-85, May.
  12. Peter Rowland, 2004. "Exchange Rate Pass-Through To Domestic Prices: The Case Of Colombia," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE.
  13. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-18.
  14. Ignacio Lozano & Jorge Toro, . "Fiscal Policy Throughout the Cycle: The Colombian Experience," Borradores de Economia 434, Banco de la Republica de Colombia.
  15. Nelson, Charles R & Kang, Heejoon, 1981. "Spurious Periodicity in Inappropriately Detrended Time Series," Econometrica, Econometric Society, vol. 49(3), pages 741-51, May.
  16. Fatas, Antonio & Mihov, Ilian, 2001. "Government size and automatic stabilizers: international and intranational evidence," Journal of International Economics, Elsevier, vol. 55(1), pages 3-28, October.
  17. Eswar Prasad & Bankim Chadha, 1992. "Are Prices Countercyclical?," IMF Working Papers 92/88, International Monetary Fund.
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