The use of reserve requirements in an optimal monetary policy framework
Borradores de Economía; No. 716i
Date published
2012-07-01Date of last update
2012-07Document language
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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.
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
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https://repositorio.banrep.gov.co/handle/20.500.12134/5760https://hdl.handle.net/20.500.12134/5760
https://doi.org/10.32468/be.716i
https://ideas.repec.org/p/bdr/borrec/716i.html
https://ideas.repec.org/p/col/000094/009824.html
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