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Estimations of the natural rate of interest in Colombia

Eliana Rocío
González-Molano
Luis Fernando
Melo-Velandia
Luis Eduardo
Rojas
Brayan
Rojas
Lunes, 1 Noviembre 2010

Three methodologies to estimate the natural interest rate, NIR, are implemented for the Colombian economy. Two methods are statistical filters and the third involves some economic theory. The first method is based on unobserved components decomposition of