Borradores de Economia
Número:
871
Publicado:
Clasificación JEL:
C61, E31, E37, E52, F41
Palabras clave:
Oil Prices, Precautionary Savings, Monetary policy, Credit
Lo más reciente
Carlos David Ardila-Dueñas, Joel Santiago Castellanos-Caballero, Carlos David Murcia-Bustos
Karina Acosta, Jesus Saldaña
Jhorland Ayala-García, Leider Manjarres-Beleño, María Urueta-Polo
The sudden collapse of oil prices poses a challenge to inflation targeting central banks in oil exporting economies. This paper illustrates that challenge and conducts a quantitative assessment of the impact of permanent changes in oil prices in a small a