| Sumario: | This research presents a revision of macroeconomic computational models implemented in Colombia and their main characteristics. First, the main Computable General Equilibrium (CGE) Models develoed for economic policy analysis are presented including their main theoretical assumptions. In addition, the new Dynamic Stochastic General Equilibrium (DSGE) Models developed for policy analysis are briefly discussed. Finally, the so called Stock Flow Consistent approach under the PostKeynesian tradition is presented, highlighting its main differences to orthodox applied macroeconomic models discussed earlier. By this, the relevance of applied heterodox macroeconomic models is discussed as an additional tool for macroeconomic policy analysis, in a coherent and logic framework, the interrelations betwen the real and financial sectors of any economy, and to identify unsustainable processes that may lead to economic crisis and unwanted structural changes.
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