Optimal monetary policy and asset prices: the case of Colombia

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Borradores de Economía; No. 583
Date published
2009-12-20
Date of last update
2009-12-20
Author
López-Piñeros, Martha Rosalba
Prada-Sarmiento, Juan David
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
The unfolding of the 2007 world financial and economic crisis has highlighted the vulnerability of real economic activity to strong fluctuations in asset prices. Which is the optimal monetary policy in an economy like the Colombian that is exposed to swin
JEL Codes
E44 - Financial Markets and the MacroeconomyE61 - Policy Objectives; Policy Designs and Consistency; Policy CoordinationE52 - Monetary Policy
Keywords
DSGE model ; Optimal monetary policy ; Asset price boom-busts ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5600
https://hdl.handle.net/20.500.12134/5600
https://doi.org/10.32468/be.583
https://ideas.repec.org/p/bdr/borrec/583.html
https://ideas.repec.org/p/col/000094/006299.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