Borradores de Economia
Número:
852
Publicado:
Clasificación JEL:
E44, E50, E52, E58, F41
Palabras clave:
Financial Frictions, Optimal Interest Rate Rules, Interest Rate Spreads, Welfare
Lo más reciente
Daniel Herrera-Araujo, Jorge Florez-Acosta
Luis Armando Galvis-Aponte, Adriana Marcela Rivera-Zárate
Diego Fernando Cuesta-Mora, Fredy Alejandro Gamboa-Estrada, Camilo Eduardo Sánchez-Quinto
In this paper we set up a small open economy model with financial frictions, following Curdia and Woodford (2010)’s model. Unlike other results in the literature such as Curdia and Woodford (2010), McCulley and Ramin (2008) and Taylor (2008), we find that