Optimal Monetary policy with Informality: A Benchmark Framework

Our paper aims at unveiling how much the monetary policy shall deviate from the zero-inflation allocation in an economy with a large informal sector. A first insight is thatinformality amplifies cost-push shocks on inflation. The gap between the natural rateand...

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Detalles Bibliográficos
Autores Principales: Gómez, Mónica A., Hairault, Jean-Olivier
Otros Autores: The Economics of Informality Conference 2018
Formato: Objeto de conferencia (Conference Object)
Lenguaje:Inglés (English)
Publicado: Universidad del Rosario. Facultad de Economía 2018
Acceso en línea:http://repository.urosario.edu.co/handle/10336/18255

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