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
Hernán Rincón-Castro, Steven Zapata-Álvarez
Martha Rosalba López-Piñeros, Eduardo Sarmiento Gómez
Clark Granger-Castaño, Dairo Ayiber Estrada, Valeria Salas, Jhuliana Sofía Segura-Durán
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