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
Autor Principal: | |
---|---|
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 |
Sumario: | 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 |
---|