A Macro CGE Model for the Colombian Economy

Andr�s M. Velasco and Camilo A. C�rdenas Hurtado

No 12426, Borradores de Economia from Banco de la Republica

Abstract: This paper presents the construction of a tailor-made Macro Computable General Equilibrium Model for the Colombian economy that satisfies Banco de la Rep�blica's macroeconomic programming and forecasting interests. Using information on the national accounts divulged by the National Statistics Department (DANE), we set an easily updatable Macro Social Accounting Matrix that serves as a starting point for the model parameters calibration and estimation.

Keywords: Social Accounting Matrix; Computable General Equilibrium Models; Colombian Economy; Macroeconomic Pr (search for similar items in EconPapers)
JEL-codes: C67 C68 D57 D58 (search for similar items in EconPapers)
Pages: 25
Date: 2015-01-20
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:000094:012426

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