Monetary policy rules in a search model of the labor market
This paper studies the performance, in terms of volatility and welfare, of different monetary policy rules in an economy with two market frictions. We consider a financial friction that highlights the credit channel as the monetary transmission mechanism
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
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Banco de la República
2002
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5239 |