House prices and monetary policy in Colombia

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Borradores de Economía; No. 372
Date published
2006-02-10
Date of last update
2006-02-10
Author
López-Piñeros, Martha Rosalba
Document language
spa
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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 investigates the possible responses of an inflation-targeting monetary policy in the face of asset price deviations from fundamental values.Focusing on the housing sector of the Colombian economy, we consider a general equilibrium model with fr
JEL Codes
E47 - Money and Interest Rates: Forecasting and Simulation: Models and ApplicationE32 - Business Fluctuations; CyclesE40 - Money and Interest Rates: GeneralE52 - Monetary Policy
Keywords
House price bubbles ; Interest rate rules ; Monetary policy ; Inflation targeting ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5390
https://hdl.handle.net/20.500.12134/5390
https://doi.org/10.32468/be.372
https://ideas.repec.org/p/bdr/borrec/372.html
https://ideas.repec.org/p/col/000094/002794.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