Posted

June 01, 2011 05:07:44 AM

Date

2011-05

Author

Andrés González, Lavan Mahadeva, Juan D. Prada and Diego Rodríguez

Affiliation

Banco de la República, Colombia, Bank of England, Northwestern University, and Banco de la República, Colombia

Title

Policy Analysis Tool Applied to Colombian Needs: PATACON Model Description

Summary /
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

URL

http://d.repec.org/n?u=RePEc:col:000094:008698&r=mon

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