{
  "title": "Colombia: Selected Issues",
  "publication": "IMF Staff Country Reports, May 31, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/05/31/colombia-selected-issues-44953",
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  "summary": "This Selected Issues paper assesses the monetary policy stance and broad financial conditions in Colombia. It uses a dynamic stochastic general equilibrium model of a small open economy to estimate the neutral rate.",
  "publishDate": "2017-05-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Objective and Methods",
      "content": "- Assesses the monetary policy stance and broad financial conditions in Colombia.\n- Uses a dynamic stochastic general equilibrium model of a small open economy to estimate the neutral rate.\n- Constructs a financial conditions index to assess overall financial conditions through three transmission channels: credit, leverage, risk."
    },
    {
      "heading": "Key Findings",
      "content": "- Both monetary policy and broad financial conditions in Colombia remained tight in 2016.\n- Tighter financial conditions could have had a sizable impact on GDP growth."
    },
    {
      "heading": "Coverage and Subjects",
      "content": "- Central bank policy rate\n- Corporate income tax\n- Financial institutions\n- Financial services\n- Housing\n- Housing prices\n- Mortgages\n- National accounts\n- Prices\n- Taxes"
    },
    {
      "heading": "Keywords",
      "content": "- Central bank policy rate\n- Corporate income tax\n- CR\n- Europe\n- Global\n- house price\n- Housing\n- Housing prices\n- ISCR\n- monetary policy stance\n- monetary policy tightening\n- monetary policy transmission mechanism\n- Mortgages\n- reaction function\n- reform\n- VAT\n- VAT revenue\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/05/31/colombia-selected-issues-44953"
    }
  ],
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    "[Markdown version](/en/publications/cr/issues/2017/05/31/colombia-selected-issues-44953/index.md)",
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    "Published: May 31, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484302187.002",
    "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.",
    "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.",
    "Central bank policy rate",
    "Corporate income tax",
    "Financial institutions",
    "Financial services",
    "Housing",
    "Housing prices",
    "Mortgages",
    "National accounts",
    "Prices",
    "Taxes",
    "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",
    "**Country Report**"
  ],
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    {
      "title": "Country Report",
      "role": "report",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17139.pdf",
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}