@techreport{20.500.12134/6101,
author = {Parra-Polanía, Julián Andrés},
author = {Vargas-Riaño, Carmiña Ofelia},
year = {2014},
month = {3},
url = {https://repositorio.banrep.gov.co/handle/20.500.12134/6101},
abstract = {Using a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (from},
publisher = {Banco de la República},
booktitle = {Borradores de Economía},
volume = {Borradores de Economía; No. 814},
title = {Changes in GDP's measurement error volatility and response of the monetary policy rate : two approaches},
keywords = {Prudence},
keywords = {Robustness},
keywords = {Measurement error},
keywords = {Optimal monetary policy},
doi = {https://doi.org/10.32468/be.814},
}