Monetary policy and structural changes in Colombia, 1990-2016: A Markov Switching approach

This paper analyzes the Colombian economic context between 1990Q1-2014Q4, using a Markov-Switching Dynamic Stochastic General Equilibrium Model (MS-DSGE) to identify regime switches in the driven mechanisms of the economy. Bayesian methods are applied, allowing for changes in the monetary policy rul...

Full description

Autores:

Cadavid Sánchez, Sebastian

Tipo de recurso:

Work document

Fecha de publicación:

2018

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

spa

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/41059

Acceso en línea:

http://hdl.handle.net/1992/41059

Palabra clave:

Monetary policy
Inflation
Markow-switching DSGE
Bayesian maximum
Likelihood methods
E31, E37, E52, E58, C11

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/