Temporary and permanent components of Colombia's output

Arango-Thomas, Luis Eduardo

Temporary and permanent components of Colombia's output

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Borradores de Economía; No. 96

Date published

1998-06-16

Date

1998-06-16

Authors

Arango-Thomas, Luis Eduardo

Document language

spa

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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

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