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
Fredy Gamboa-Estrada, José Vicente Romero
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Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
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