Borradores de Economia
Number:
726
Published:
Classification JEL:
E23, E32, E43
The most recent
Juliana Jaramillo-Echeverri, Adriana Sofía Rodríguez
Cesar Anzola-Bravo, Poveda-Olarte Paola
Gaurav Khanna, Carlos Alberto Medina-Durango, Anant Nyshadham, Daniel Ramos-Menchelli, Jorge Andrés Tamayo-Castaño, Audrey Tiew
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