Abstract

BERNAL NISPERUZA, Gloria Lucía  and  TAUTIVA PRADERE, Johanna. REAL-TIME DATA: AN APPLICATION TO THE TAYLOR RULE IN COLOMBIA. Rev.econ.inst. [online]. 2011, vol.13, n.24, pp.373-394. ISSN 0124-5996.

Macroeconomic information used by agents and policymakers for decision making and macroeconomic information used by researchers to evaluate the transparency of such decisions may not be comparable as the latter are continuously revised and updated as more information is known. This work compares predictions of a Taylor Rule for Colombia that would be reached using real time and revised GDP data.

Keywords : datos en tiempo real; regla de Taylor; PIB real de Colombia; cosechas; real time data; Taylor rule; real GDP of Colombia; vintages.

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