Risk, aggregate demand, and commodity prices : an application to Colombia

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Borradores de Economía; No. 859

Date published

2014-12-30

Date

2014-12-30

Authors

Gómez-Pineda, Javier G.
Julio-Román, Juan Manuel

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ISBN

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

We embed a small open economy model for Colombia into the global risk model of Gómez-Pineda, Guillaume, and Tanyeri (2014). The small open economy model is estimated by Bayesian methods and used for analysis and projections. The model enable us to give a

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JEL Codes

E58 - Central Banks and Their Policies
F47 - Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Application
F31 - Foreign Exchange
F41 - Open Economy Macroeconomics
F37 - International Finance Forecasting and Simulation: Models and Application
F32 - Current Account Adjustment; Short-Term Capital Movements

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Keywords

Keywords

Global risk , Financial linkages , Commodity prices

Citation

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https://repositorio.banrep.gov.co/handle/20.500.12134/6147
 https://hdl.handle.net/20.500.12134/6147
 https://ideas.repec.org/p/bdr/borrec/859.html
 https://doi.org/10.32468/be.859

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Borradores de Economía

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