Temporary and Permanent Components of Colombia's Output

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

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Jaime Alfredo Bonet-Moron, Yuri Carolina Reina-Aranza, Adriana Ortega, Ana Rosa Polanco

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