Borradores de Economia
Número:
626
Publicado:
Clasificación JEL:
C13, C32, E43, E52
Palabras clave:
Natural Rate of Interest, Unobserved Components Models, Hodrick-Prescott Filter, Semi-structural models
Lo más reciente
Jhorland Ayala-García, Jaime Alfredo Bonet-Moron, Eduardo A. Haddad, Inácio F. Araújo
Remesas, crecimiento y convergencia económica regional: evidencia para los departamentos de Colombia
Clark Granger, Jhorland Ayala-García, Fabio Montenegro Aparicio
Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia
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