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...
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| Format: | Article |
| Language: | English |
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Universidad EAFIT
2016-12-01
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| Series: | Ecos de Economía |
| Online Access: | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4181/pdf |