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

Detalles Bibliográficos
Autor Principal: Riascos, Alvaro J.
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2002
Acceso en línea: