Policy Analysis Tool Applied to Colombian Needs: Patacon Model Description

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

Revista ESPE - Ensayos sobre Política Económica, 2011, vol. 29, issue 66, No 66, 222-245

Abstract: In this document we lay out the microeconomic foundations of a dynamic stochastic general equilibrium model, called Policy Analysis Tool Applied to Colombian Needs (PATACON), designed as a forecast tool and as a guide to advise monetary policy authorities in Colombia. In companion documents we present other aspects of the model, including the estimation of the parameters that affect dynamics and impulse response 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)
Date: 2011
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Citations: View citations in EconPapers (34)

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https://doi.org/10.32468/Espe.6606

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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)
Working Paper: Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:ensayo:v:29:y:2011:i:66:p:222-245

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