Financial intermediation and monetary policy in a small open economy

Thumbnail
Borradores de Economía; No. 531
Date published
2008-09-20
Date of last update
2008-09-20
Author
Prada-Sarmiento, Juan David
Document language
spa
Metadata
Show full item record
Alternative metrics
Downloads
Abstract views

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 analyses the role of a costly financial system in the transmission of monetary policy. The new-keynesian model for a small open economy is extended with a simple financial system based on Hamann and Oviedo (2006). The presence of the financial
JEL Codes
E52 - Monetary PolicyE44 - Financial Markets and the MacroeconomyE32 - Business Fluctuations; CyclesF41 - Open Economy Macroeconomics
Keywords
Financial intermediation ; Small open economy ; Dynamic stochastic general equilibrium model ; Monetary policy ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5548
https://hdl.handle.net/20.500.12134/5548
https://doi.org/10.32468/be.531
https://ideas.repec.org/p/bdr/borrec/531.html
https://ideas.repec.org/p/col/000094/005010.html
Collections
Seleccionar año de consulta:
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