Macroeconomic Effects of Oil Price Fluctuations in Colombia
This research aims to study the effects of oil price changes on the Colombian economy during 2001:Q1 to 2016:Q2. A structural vector auto-regression model in the spirit of Blanchard and Galí (2010) is estimated under a recursive identification scheme, where unexpected oil price variations are exogen...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Universidad EAFIT
2016-12-01
|
Series: | Ecos de Economía |
Online Access: | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4181/pdf |