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

Detalles Bibliográficos
Autor Principal: López-Piñeros, Martha Rosalba
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2006
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5390
Descripción
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