Recent Behavior of Output, Unemployment, Wages and Prices in Colombia:What went Wrong?

Citation data:

Banco de la Republica de Colombia, Borradores de Economia, No: 249

Publication Year:
2003
Usage 987
Abstract Views 838
Downloads 149
Citations 6
Citation Indexes 6
Repository URL:
http://repositorio.banrep.gov.co/handle/20.500.12134/5267
RePec URLs:
https://ideas.repec.org/p/bdr/borrec/249.html
Author(s):
Arango-Thomas, Luis Eduardo; Iregui-Bohórquez, Ana María; Melo-Velandia, Luis Fernando
Publisher(s):
Banco de la República
Tags:
E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; C40 - Econometric and Statistical Methods: Special Topics: General; Structural VAR; Unemployment; Monetary policy; Wages; Expectations; Política monetaria -- Colombia; Desempleo -- Colombia; Precios y salarios -- Colombia; E24 - Empleo; Desempleo; Salarios; Distribución intergeneracional de ingresos; Capital humano agregado; Productividad del trabajo agregada; C40 - Métodos econométricos y estadísticos: temas especiales: Generalidades; Structural VAR,unemployment,monetary policy, wages, expectations
paper description
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