Constant-interest-rate projections and its indicator properties

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Borradores de Economía; No. 696
Date published
2012-03-10
Date of last update
2012-03-10
Author
Bustamante, Christian
Rojas, Luis Eduardo
Document language
spa
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Abstract
This paper propose indicator variables for the implementation of monetary policy in an inflation targeting regime. Using constant interest rate projections, the notion of a target-compatible interest rate is presented. This variable allows to extract some
JEL Codes
E47 - Money and Interest Rates: Forecasting and Simulation: Models and ApplicationE37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and ApplicationE52 - Monetary Policy
Keywords
Monetary policy ; Constant-interest-rate projections ; Modest policy interventions ; Inflation targeting ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5713
https://hdl.handle.net/20.500.12134/5713
https://doi.org/10.32468/be.696
https://ideas.repec.org/p/bdr/borrec/696.html
https://ideas.repec.org/p/col/000094/009383.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