Temporary and Permanent Components of Colombia's Output

Número: 
96
Publicado: 
Clasificación JEL: 
C22, C29, E31, E32, E60
Palabras clave: 
Temporary, Permanent Components, Colombia

Structural time series models, frequency domain analysis, the HP-filter, and the Blanchard-Quah decomposition, are used to observe, some peculiarities of the business cycle. Such properties are those related to the volatility of the temporary component an