Number:
240
Published:
Classification JEL:
E31
Keywords:
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
The most recent
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
Christian Manuel Posso-Suárez, Jorge Tamayo, Arlen Guarín, Estefanía Saravia
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a policy rule that is consistent with inflation targeting. I spell out the characteristics of the optimal feedback and output parameters in the rule, as well as