01680cas a2200241 a 4500 AALejournalIMF017682 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484302187 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Colombia : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (47 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. A financial conditions index is also constructed to assess overall financial conditions through three different transmission channels (credit, leverage, risk) of the financial sector to the state of the economy. Results reveal that both monetary policy and broad financial conditions in Colombia remained tight in 2016. The results also show that tighter financial conditions could have had a sizable impact on GDP growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/139 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/139/002.2017.issue-139-en.xml IMF e-Library