@techreport{20.500.12134/6124, author = {López-Piñeros, Martha Rosalba}, year = {2014}, month = {8}, url = {https://repositorio.banrep.gov.co/handle/20.500.12134/6124}, abstract = {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}, publisher = {Banco de la República}, booktitle = {Borradores de Economía}, volume = {Borradores de Economía; No. 837}, title = {Asset price bubbles and monetary policy in a small open economy}, keywords = {Exogenous bubble}, keywords = {Monetary policy}, keywords = {Macroeconomic volatility}, keywords = {DSGE model}, doi = {https://doi.org/10.32468/be.837}, }