How Uncertain are NAIRU Estimates in Colombia?

Borradores de Economia
Número: 
184
Publicado: 
Clasificación JEL: 
E31
Palabras clave: 
NAIRU Estimates

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Gaurav Khanna, Carlos Alberto Medina-Durango, Anant Nyshadham, Daniel Ramos-Menchelli, Jorge Andrés Tamayo-Castaño, Audrey Tiew

Most of the proposed macro models and Phillips curves for policy design and analysis in Colombia depend on estimates of the potential output. However, it is widely known that this estimates are highly unreliable because of its level of estimation uncert