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Recent Behavior of Output, Unemployment, Wages and Prices in Colombia: What went wrong?

Domingo, 1 Junio 2003

At the end of the last decade, the real activity in Colombia underwent the sharpest recession of the last fifty years. We postulate a non-triangular structural VAR model (Amisano and Giannini, 1997) to describe the dynamics of output, prices, unemployment

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