Recent behavior of output, unemployment, wages and prices in Colombia: What went wrong?

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Borradores de Economía; No. 249
Date published
2003-06-10
Date of last update
2003-06-10
Author
Arango-Thomas, Luis Eduardo
Iregui-Bohórquez, Ana María
Melo-Velandia, Luis Fernando
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.
Abstract
At the end of the last decade, the real activity in Colombia underwent the sharpest recession of the last fifty years. We postulate a non-triangular structural VAR model (Amisano and Giannini, 1997) to describe the dynamics of output, prices, unemployment
JEL Codes
C40 - Econometric and Statistical Methods: Special Topics: GeneralE24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Keywords
Structural VAR ; Unemployment ; Monetary policy ; Wages ; Expectations ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5267
https://hdl.handle.net/20.500.12134/5267
https://doi.org/10.32468/be.249
https://ideas.repec.org/p/bdr/borrec/249.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit