Monetary Policy Rules in a Search Model of the Labor Market

Número: 
221
Publicado: 
Clasificación JEL: 
E52, E58, E31
Palabras clave: 
Monetary policy

Lo más reciente

Lina Fernanda Torres-Gutierrez, Gonzalo Ossa-Stipcianos, Edwin Mauricio Parra-Rodriguez, Egberto Alexander Riveros, Alvaro José Martinez-Monroy, Julián Andrés Gomez-Duran, Juan Sebastián Rojas-Moreno

This paper studies the performance, in terms of volatility and welfare, of different monetary policy rules in an economy with two market frictions. We consider a financial friction that highlights the credit channel as the monetary transmission mechanism