Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description

Andres Gonzalez, Lavan Mahadeva, Juan Prada Sarmiento () and Diego Rodriguez Guzman ()

No 8698, Borradores de Economia from Banco de la Republica

Abstract: In this document we lay out the microeconomic foundations of a dynamic stochastic general equilibrium model designed to forecast and to advice monetary policy authorities in Colombia. The model is called Policy Analysis Tool Applied to Colombian Needs (PATACON). In companion documents we present other aspects of the model and its platform, including the estimation of the parameters that affect the dynamics and the impulse responses functions.

Keywords: Monetary Policy; DSGE; Small open economy. (search for similar items in EconPapers)
JEL-codes: E32 E52 F41 (search for similar items in EconPapers)
Pages: 59
Date: 2011-05-17
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mic and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

Downloads: (external link)
http://www.banrep.gov.co/docum/ftp/borra656.pdf

Related works:
Journal Article: Policy Analysis Tool Applied to Colombian Needs: Patacon Model Description (2011)
Journal Article: Policy Analysis Tool Applied to Colombian Needs: Patacon Model Description (2011)
Working Paper: Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000094:008698

Access Statistics for this paper

More papers in Borradores de Economia from Banco de la Republica
Bibliographic data for series maintained by Clorith Angelica Bahos Olivera ().