dc.creator	Hamann-Salcedo, Franz Alonso
dc.creator	Bejarano, Jesus
dc.creator	Rodríguez-Guzmán, Diego Arturo
dc.date.created	2015-03-06
dc.date.issued	2015-03-06
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/6160
dc.description.abstract	The sudden collapse of oil prices poses a challenge to inflation targeting central banks in oil exporting economies. This paper illustrates that challenge and conducts a quantitative assessment of the impact of permanent changes in oil prices in a small a
dc.format.mimetype	PDF
dc.language.iso	spa
dc.publisher	Banco de la República
dc.relation.ispartof	Documentos de Trabajo
dc.relation.ispartofseries	Borradores de Economía
dc.relation.isversionof	Borradores de Economía; No. 871
dc.rights.accessRights	Open Access
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.title	Monetary policy implications for an oil-exporting economy of lower long-run international oil prices
dc.type	Working Paper
dc.subject.jel	E52 - Monetary Policy
dc.subject.jel	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
dc.subject.jel	E31 - Price Level; Inflation; Deflation
dc.subject.jel	E37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application
dc.subject.jel	F41 - Open Economy Macroeconomics
dc.subject.keyword	Oil prices
dc.subject.keyword	Precautionary savings
dc.subject.keyword	Monetary policy
dc.subject.keyword	Credit
dc.subject.keyword	Leverage
dc.subject.keyword	Financial accelerator
dc.subject.keyword	Colombia
dc.subject.lemb	Política monetaria -- Colombia
dc.subject.lemb	Petróleo -- Precios -- Colombia
dc.subject.lemb	Equilibrio (Economía) -- Colombia
dc.subject.lemb	Riesgo país -- Colombia
dc.subject.lemb	Macroeconomía -- Colombia
dc.subject.lemb	Inflación -- Colombia
dc.type.spa	Documentos de trabajo
dc.rights.spa	Acceso abierto
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspa	E52 - Política monetaria
dc.subject.jelspa	E31 - Nivel de precios; Inflación; Deflación
dc.subject.jelspa	E37 - Precios, fluctuaciones y ciclos económicos: Predicción y simulación; Modelos y aplicación
dc.subject.jelspa	F41 - Macroeconomía de la economía abierta
dc.subject.jelspa	C61 - Técnicas de optimización; Modelos de programación; Análisis dinámico
dc.type.hasversion	Published Version
dc.coverage.sucursal	Bogotá
dc.relation.doi	https://doi.org/10.32468/be.871
dc.rights.disclaimer	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.
dc.relation.repec	https://ideas.repec.org/p/bdr/borrec/871.html
dc.relation.dotec	https://ideas.repec.org/p/col/000094/012615.html
dc.identifier.handle	https://hdl.handle.net/20.500.12134/6160
dc.creator.firma	Jesus Bejarano
dc.creator.firma	Franz Hamann
dc.creator.firma	Diego A. Rodriguez-Guzman
dc.source.handleRepec	RePEc:bdr:borrec:871
dc.source.handleRepec	RePEc:col:000094:012615

Monetary policy implications for an oil-exporting economy of lower long-run international oil prices

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