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This paper analyzes the effects of changes of Banco de la República’s policy interest rate in the term structure. The evidence suggests that, in daily frequency, these reactions are not significant. However, with weekly data we found an anticipated reacti
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En este artículo se propone un método numérico para la calibración de un modelo de equilibrio general dinámico y estocástico (dsge). Esencialmente, este consiste en utilizar un algoritmo híbrido de optimización, primero para encontrar un estado estacionario del modelo y luego para...
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