By using the methodology of Bry and Boschan (1971), this work proposes precise dates for the business cycles occurred in Colombia between 1980 and 2007 identifying the phases of boom and slump. During the sample period, five complete cycles were detected, which happened to be asymmetric such as...

This paper focuses on modelling the short-term interest rate. We estimate and compare different conditional heteroskedasticity models which are divided into three groups: (1) the Levels models; (2) the GARCH models; and (3) the Mixed models which take into account the effects in both (1) and...