Commodity price shocks and inflation within an optimal monetary policy framework : the case of Colombia

A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflation behavior, is used to model inflation within an inflation targeting framework. This set up is used to estimate the relationship between commodity prices

Detalles Bibliográficos
Autores Principales: Arango-Thomas, Luis Eduardo, Chavarro-Sanchez, Ximena, González-Molano, Eliana Rocío
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2014
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6146