Colombia: Selected Issues

IMF Staff Country Reports, May 31, 2017

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Colombia: Selected Issues

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Bibliographic details

• Published: May 31, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484302187.002

Objective and Methods

• Assesses the monetary policy stance and broad financial conditions in Colombia.
• Uses a dynamic stochastic general equilibrium model of a small open economy to estimate the neutral rate.
• Constructs a financial conditions index to assess overall financial conditions through three transmission channels: credit, leverage, risk.

Key Findings

• Both monetary policy and broad financial conditions in Colombia remained tight in 2016.
• Tighter financial conditions could have had a sizable impact on GDP growth.

Coverage and Subjects

• Central bank policy rate
• Corporate income tax
• Financial institutions
• Financial services
• Housing
• Housing prices
• Mortgages
• National accounts
• Prices
• Taxes

Keywords

• Central bank policy rate
• Corporate income tax
• CR
• Europe
• Global
• house price
• Housing
• Housing prices
• ISCR
• monetary policy stance
• monetary policy tightening
• monetary policy transmission mechanism
• Mortgages
• reaction function
• reform
• VAT
• VAT revenue

Content in this bundle

• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)