Financial intermediation and monetary policy in a small open economy

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Borradores de Economía; No. 531

Date published

2008-09-20

Date

2008-09-20

Authors

Prada-Sarmiento, Juan David

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Document language

spa
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

F41 - Open Economy Macroeconomics

Temática

Keywords

Keywords

Financial intermediation , Small open economy , Dynamic stochastic general equilibrium model , Monetary policy , Colombia

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5548
 https://hdl.handle.net/20.500.12134/5548
 https://ideas.repec.org/p/bdr/borrec/531.html
 https://doi.org/10.32468/be.531

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Borradores de Economía

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