Monetary policy rules in a search model of the labor market
Borradores de Economía; No. 221
Date published
2002-10-18Date of last update
2002-10-18Document language
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper studies the performance, in terms of volatility and welfare, of different monetary policy rules in an economy with two market frictions. We consider a financial friction that highlights the credit channel as the monetary transmission mechanism
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https://repositorio.banrep.gov.co/handle/20.500.12134/5239https://hdl.handle.net/20.500.12134/5239
https://doi.org/10.32468/be.221
https://ideas.repec.org/p/bdr/borrec/221.html
https://ideas.repec.org/p/col/000094/003250.html
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