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

2003-06-10

Authors

Arango, Luis E.
Iregui-Bohórquez, Ana María
Melo-Velandia, Luis Fernando

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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

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

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JEL Codes

E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

Temática

Keywords

Keywords

Structural VAR , Unemployment , Monetary policy , Wages , Expectations

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5267
 https://hdl.handle.net/20.500.12134/5267
 https://ideas.repec.org/p/bdr/borrec/249.html
 https://doi.org/10.32468/be.249

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