Número:
696
Publicado:
Clasificación JEL:
E37, E47, E52
Palabras clave:
Monetary policy, constant-interest-rate projections, modest policy interventions, Inflation Targeting
Lo más reciente
Jaime Alfredo Bonet-Moron, Jhorland Ayala-García
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