Borradores de Economia
Número:
696
Publicado:
Clasificación JEL:
E37, E47, E52
Palabras clave:
Monetary policy, constant-interest-rate projections, modest policy interventions, Inflation Targeting
Lo más reciente
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero
Elkin Navas-Diago, Jorge Quintero-Otero
Cristian David González-Téllez
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