Changes in GDP's measurement error volatility and response of the monetary policy rate : two approaches

dc.coverage.sucursalBogotáspa
dc.creatorParra-Polanía, Julián Andrés
dc.creatorVargas-Riaño, Carmiña Ofelia
dc.creator.firmaJulian A. Parra-Polania
dc.creator.firmaCarmiña O. Vargas
dc.date.accessioned2014-03-21T08:30:10Zeng
dc.date.available2014-03-21T08:30:10Z
dc.date.created2014-03-21
dc.date.issued2014-03-21
dc.description.abstractUsing a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (fromeng
dc.format.mimetypePDFspa
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/6101spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/6101
dc.language.isospaspa
dc.publisherBanco de la Repúblicaspa
dc.relation.doihttps://doi.org/10.32468/be.814spa
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.ispartofseriesBorradores de Economíaspa
dc.relation.isversionofBorradores de Economía; No. 814
dc.relation.numberBorrador 814spa
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/814.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas 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.spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.handleRepecRePEc:bdr:borrec:814spa
dc.subject.jelE52 - Monetary Policyeng
dc.subject.jelE58 - Central Banks and Their Policieseng
dc.subject.jelD81 - Criteria for Decision-Making under Risk and Uncertaintyeng
dc.subject.jelspaE52 - Política monetariaspa
dc.subject.jelspaD81 - Criterios para la toma de decisiones con riesgo e incertidumbrespa
dc.subject.jelspaE58 - Bancos centrales y sus políticasspa
dc.subject.keywordPrudenceeng
dc.subject.keywordRobustnesseng
dc.subject.keywordMeasurement erroreng
dc.subject.keywordOptimal monetary policyeng
dc.subject.lembPolítica monetariaspa
dc.subject.lembProducto interno bruto -- Medicionesspa
dc.subject.lembVariables económicasspa
dc.titleChanges in GDP's measurement error volatility and response of the monetary policy rate : two approachesspa
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajospa

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