How Uncertain are NAIRU Estimates in Colombia?

Número: 
184
Publicado: 
Clasificación JEL: 
E31
Palabras clave: 
NAIRU Estimates

Lo más reciente

Luis E. Arango, Leonardo Bonilla-Mejía, Luz Adriana Flórez, Luis E. Arango
Julián Andrés Parra-Polanía, Constanza Martínez-Ventura

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