The use of reserve requirements in an optimal monetary policy framework

We analyse three models to determine the conditions under which reserve requirements are used as a part of an optimal monetary policy framework in an inflation targeting regime. In all cases the Central Bank (CB) minimizes an objective function that depen

Detalles Bibliográficos
Autores Principales: Vargas-Herrera, Hernando, Cardozo-Ortiz, Pamela Andrea
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2012
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5760