Dynamic response to monetary shocks in a search model of the labor market*

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Borradores de Economía; No. 222
Date published
2002-10-20
Date of last update
2002-10-20
Author
Riascos, Alvaro J.
Document language
spa
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Abstract
This paper studies the dynamic response of a few key macroeconomic variables to each one of three exogenous shocks: monetary, government spending and technological shocks. By using a cash in advance model with two market frictions, one in the intermediati
JEL Codes
E3 - Prices, Business Fluctuations, and CyclesC32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space ModelsE52 - Monetary Policy
Keywords
Monetary shocks ; Search model of the labor market ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5240
https://hdl.handle.net/20.500.12134/5240
https://doi.org/10.32468/be.222
https://ideas.repec.org/p/bdr/borrec/222.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit