Constant-interest-rate projections and its indicator properties

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Borradores de Economía; No. 696

Date published

2012-03-10

Date

2012-03-10

Authors

Bustamante, Christian
Rojas, Luis Eduardo

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ISSN

ISBN

Document language

spa
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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

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

Description

JEL Codes

E47 - Money and Interest Rates: Forecasting and Simulation: Models and Application

Temática

Keywords

Keywords

Monetary policy , Constant-interest-rate projections , Modest policy interventions , Inflation targeting

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5713
 https://hdl.handle.net/20.500.12134/5713
 https://ideas.repec.org/p/bdr/borrec/696.html
 https://doi.org/10.32468/be.696

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