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

Lo más reciente
José Vicente Romero-Chamorro, Sara Naranjo-Saldarriaga, Jonathan Muñoz-Martínez
Felipe Roldán-Ferrín, Julián Andrés Parra-Polanía
Nicol Valeria Rodríguez-Rodríguez, Hernán Dario Perdomo-Sánchez
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