House prices and monetary policy in Colombia
This paper investigates the possible responses of an inflation-targeting monetary policy in the face of asset price deviations from fundamental values.Focusing on the housing sector of the Colombian economy, we consider a general equilibrium model with fr
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
Publicado: |
Banco de la República
2006
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Materias: | |
Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5390 |
Sumario: | This paper investigates the possible responses of an inflation-targeting monetary policy in the face of asset price deviations from fundamental values.Focusing on the housing sector of the Colombian economy, we consider a general equilibrium model with fr |
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