The use of reserve requirements in an optimal monetary policy framework

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Borradores de Economía; No. 716i

Date published

2012-07-01

Date

2012-07

Authors

Vargas-Herrera, Hernando
Cardozo-Ortiz, Pamela Andrea

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ISSN

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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

We analyse three models to determine the conditions under which reserve requirements are used as a part of an optimal monetary policy framework in an inflation targeting regime. In all cases the Central Bank (CB) minimizes an objective function that depen

Description

JEL Codes

E51 - Money Supply; Credit; Money Multipliers

Temática

Keywords

Keywords

Reserve requirements , Inflation targeting , Monetary policy

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5760
 https://hdl.handle.net/20.500.12134/5760
 https://ideas.repec.org/p/bdr/borrec/716i.html
 https://doi.org/10.32468/be.716i

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Borradores de Economía

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

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