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Output Gap and Neutral Interest Measures for Colombia

Andrés
González
Sergio
Ocampo-Díaz
Julián
Pérez-Amaya
Diego Arturo
Rodríguez-Guzmán
Miércoles, 1 Agosto 2012

In this paper two new measures of the Colombian output gap and the real neutral interest rate are proposed. Instead of relying only on statistical filters, the proposed measures use semi-structural New-Keynesian models, adapted for a small open economy. T