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Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description

Andrés
González
Lavan
Mahadeva
Juan David
Prada-Sarmiento
Diego Arturo
Rodríguez-Guzmán
Domingo, 1 Mayo 2011

In this document we lay out the microeconomic foundations of a dynamic stochastic general equilibrium model designed to forecast and to advice monetary policy authorities in Colombia. The model is called Policy Analysis Tool Applied to Colombian Needs (PA