The international economic crisis and the colombian economy

Ricardo Arguello

No 8574, Documentos de Trabajo from Universidad del Rosario

Abstract: The purpose of this research is to provide an approximation to the likely effects of the crisis on the Colombian economy and to the effectiveness of policy response. For this, the most relevant transmission channels and policy measures are simulated in the setting of a static computable general equilibrium model (CGE). The results obtained are interesting in their own right and are in line with what could be expected given the information available on the behavior of the Colombian economy. Furthermore, they call into question the effectiveness of governmental intervention as judged by its intended countercyclical effects.

Keywords: Crisis; Colombia; Applied General Equilibrium (search for similar items in EconPapers)
JEL-codes: C68 D58 F24 F47 (search for similar items in EconPapers)
Pages: 30
Date: 2011-05-01
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000092:008574

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