Número:
696
Publicado:
Clasificación JEL:
E37, E47, E52
Palabras clave:
Monetary policy, constant-interest-rate projections, modest policy interventions, Inflation Targeting

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Oscar Botero-Ramírez, Mauricio Villamizar-Villegas, Andrés Murcia
Margarita María Gáfaro-González
Julián Andrés Parra-Polanía, Juan D. Ladino Riveros
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