Series: IMF Working Papers
Author(s): Pär Österholm , and Lisandro Abrego
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2008
Keywords: Bayesian VAR, gdp growth, forecasting, mean square, real gdp,
This paper investigates the sensitivity of Colombian GDP growth to the surroundingmacroeconomic environment. We estimate a Bayesian VAR model with informative steady-statepriors for the Colombian economy using quar...