Efficient policy rule for inflation targeting in Colombia

In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a policy rule that is consistent with inflation targeting. I spell out the characteristics of the optimal feedback and output parameters in the rule, as well as

Detalles Bibliográficos
Autor Principal: López-Piñeros, Martha Rosalba
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2003
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5258