Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description

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

Borradores de Economia from Banco de la Republica de Colombia

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)
Date: 2011-05
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Citations: View citations in EconPapers (33)

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https://doi.org/10.32468/be.656 (application/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)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:656

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