IDEAS home Printed from https://ideas.repec.org/p/col/000118/002121.html
   My bibliography  Save this paper

Choques financieros, precios de activos y recesión en Colombia

Author

Listed:
  • Alejandro BADEL FLÓREZ

    ()

Abstract

En este trabajo se desarrolla una versión estocástica de “agente representativo” del modelo de ciclos crediticios de Kiyotaki y Moore (1997) donde los choques al …nanciamiento internacional generan ‡uctuaciones persistentes en los precios de los activos y el producto. Con base en este modelo se analizan las fluctuaciones macroeconómicas experimentadas por Colombia durante la década de los 90. En particular, se busca una teoría que pueda explicar de manera coherente 3 elementos fundamentales: las fluctuaciones en el precio de los activos, el comportamiento del crédito y la recesión, a partir de choques exógenos pequeños al financiamiento internacional. Usando una estimación empírica de este modelo se encuentra el costo en bienestar de las restricciones crediticias para Colombia.

Suggested Citation

  • Alejandro BADEL FLÓREZ, 2001. "Choques financieros, precios de activos y recesión en Colombia," ARCHIVOS DE ECONOMÍA 002121, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
  • Handle: RePEc:col:000118:002121
    as

    Download full text from publisher

    File URL: https://www.dnp.gov.co/Portals/0/archivos/documentos/DEE/Archivos_Economia/164.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Alan B. Krueger, 1996. "Observations on International Labor Standards and Trade," NBER Working Papers 5632, National Bureau of Economic Research, Inc.
    2. Dehejia, Rajeev H. & Beegle, Kathleen & Gatti, Roberta, 2003. "Child labor, income shocks, and access to credit," Policy Research Working Paper Series 3075, The World Bank.
    3. Alan Krueger, 1996. "Observations on International Labor Standards and Trade," Working Papers 741, Princeton University, Department of Economics, Industrial Relations Section..
    4. repec:fth:prinin:362 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carlos Esteban Posada Posada & Wilman Gómez, 2004. "Un choque del activo externo neto y el ciclo económico Colombiano 1994-2001," BORRADORES DE ECONOMIA 003674, BANCO DE LA REPÚBLICA.
    2. Catalina Delgado, 2004. "Inversión Y Restricciones Crediticias En Colombia En La Década De Los Noventa," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 22(47), pages 8-55, December.
    3. Aquiles Arrieta Barcasnegras, 2012. "La relación entre los flujos de capital y el precio de la vivienda: el caso colombiano," REVISTA DE ECONOMÍA DEL CARIBE 010854, UNIVERSIDAD DEL NORTE.
    4. David Perez-Reyna, 2016. "El rol del Banco de la República en la crisis de 1999," DOCUMENTOS CEDE 014574, UNIVERSIDAD DE LOS ANDES-CEDE.
    5. Alberto Jaramillo & Hermilson Velásquez & Javier Santiago Ortiz & Natalia Serna, 2003. "Aspectos teóricos y empíricos de la relación empresas bancos," DOCUMENTOS DE TRABAJO CIEF 003922, UNIVERSIDAD EAFIT.
    6. Wilman Gómez & Carlos Esteban Posada, 2004. "Un "Choque" del Activo Externo Neto y el Ciclo Económico Colombiano," Borradores de Economia 285, Banco de la Republica de Colombia.

    More about this item

    Keywords

    recesión;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000118:002121. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bricelda Delgado Martínez). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.