Financial frictions and optimal monetary policy in a small open economy

Thumbnail Image
Download
Borradores de Economía; No. 852

Date published

2014-11-13

Date

2014-11-13

Authors

Bejarano, Jesus
Charry-Velásquez, Luisa Fernanda

Part of book title

ISSN

ISBN

Document language

spa
Metrics
downloads: 0
abstract_views: 0

Ver PlumX Metrics

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.

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

In this paper we set up a small open economy model with financial frictions, following Curdia and Woodford (2010)’s model. Unlike other results in the literature such as Curdia and Woodford (2010), McCulley and Ramin (2008) and Taylor (2008), we find that

Description

JEL Codes

E58 - Central Banks and Their Policies
E44 - Financial Markets and the Macroeconomy
E50 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
E52 - Monetary Policy
F41 - Open Economy Macroeconomics

Temática

Keywords

Keywords

Financial frictions , Optimal interest rate rules , Interest rate spreads , Welfare , Small open economy , Second order approximation

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6140
 https://hdl.handle.net/20.500.12134/6140
 https://ideas.repec.org/p/bdr/borrec/852.html
 https://doi.org/10.32468/be.852

Collections

Borradores de Economía

Seleccionar año de consulta:
Full item page

Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito