Número:
222
Publicado:
Clasificación JEL:
E3, E52, C32
Palabras clave:
Monetary shocks, Search Model of the Labor Market
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Karina Acosta, Juliana Jaramillo-Echeverri, Daniel Lasso Jaramillo, Alejandro Sarasti-Sierra
This paper studies the dynamic response of a few key macroeconomic variables to each one of three exogenous shocks: monetary, government spending and technological shocks. By using a cash in advance model with two market frictions, one in the intermediati