Finance neutral potential output : an evaluation on an emerging market monetary policy context

Borradores de Economia
Número: 
958
Publicado: 
Clasificación JEL: 
E44, E47, E52, E37, C53
Palabras clave: 
Potential Output, Financial Cycle, Real-time Data, Monetary policy

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In this paper output gaps that include financial cycle information are evaluated against models used in policy analysis by the Colombian central bank. Employing this dataset is no trivial matter, since policy related models are the only relevant yardstick