Ítem
Acceso Abierto
The international economic crisis and the colombian economy
Título de la revista
Autores
Arguello, Ricardo
Fecha
2011
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Editor
Universidad del Rosario
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Resumen
Abstract
The purpose of this research is to provide an approximation to the likely effects of the crisis on the Colombian economy and to the effectiveness of policy response. For this, the most relevant transmission channels and policy measures are simulated in the setting of a static computable general equilibrium model (CGE). The results obtained are interesting in their own right and are in line with what could be expected given the information available on the behavior of the Colombian economy. Furthermore, they call into question the effectiveness of governmental intervention as judged by its intended countercyclical effects.
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Keywords
Crisis , Colombia , Applied General Equilibrium