Asset price bubbles and monetary policy in a small open economy
In this paper we expanded the closed economy model by Bernanke and Gertler (1999) in order to account for the macroeconomic effects of an asset price bubble in the context of a small open economy model. During the nineties emerging market economies opened
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
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Banco de la República
2014
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/6124 |