Economic Cycles of the Theories of Solar Spots to Hodrick’s Presscott Filter: The Colombian Case

Abstract:     
The present document does a study on the smoothing consumption, from the models of Royal business Cycles, demonstrating the quality of this methodology against the Keynesian models tendencies; being able to realize this way a model Data – Panel model that allows to indicate that the families of six countries of Latin America, choose stable paths of consumption, so it is possible to prove that the plans of social assistance focused in productivity are efficient.

El documento realiza un estudio sobre la suavización de consumo, partiendo de los modelos de Ciclos Reales de Negocios, demostrando la bondad de esta metodología frente a los modelos de corte Keynesiano; pudiendo así llevar a cabo un modelo de tipo Data Panel que permite demostrar, que las familias de seis países de América Latina, escogen trayectorias de consumo estables, de esta forma se puede probar que los planes de asistencia social focalizados en productividad son eficientes.

Keywords: real business cycle, consumption, information panel, unconfidence to the risk, stable path

JEL Classification: O11, C33, D81, R15

Accepted Paper Series