Modelling the monetary policy reaction function of the Colombian Central Bank
This paper proposes a simple Ordered Probit model to analyse the monetary policy reaction function of the Colombian Central Bank. There is evidence that the reaction function is asymmetric, in the sense that the Bank increases the Bank rate when the gap between observed inflation and the inflation t...
| Autores Principales: | , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Español (Spanish) |
| Publicado: |
Universidad del Rosario
2008
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| Materias: | |
| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10795 |