Número:
858
Publicado:
Clasificación JEL:
E43, E58
Palabras clave:
Commodity Prices, Inflation-targeting Regime, Optimal Monetary Policy, Expectations
Lo más reciente
Jhorland Ayala-García, Karelys Guzmán-Finol
Carlos Alberto Arango-Arango, Yanneth Rocío Betancourt-García
Francisco Javier Lasso-Valderrama, Carmiña Ofelia Vargas-Riaño
A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflation behavior, is used to model inflation within an inflation targeting framework. This set up is used to estimate the relationship between commodity prices