Borradores de Economia
Número:
716i
Publicado:
Clasificación JEL:
E51, E52, E58
Palabras clave:
Reserve Requirements, Inflation Targeting, Monetary policy
Lo más reciente
Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
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Fredy Gamboa-Estrada, Diego Cuesta, Camilo Sanchez-Quinto
We analyse three models to determine the conditions under which reserve requirements are used as a part of an optimal monetary policy framework in an inflation targeting regime. In all cases the Central Bank (CB) minimizes an objective function that depen