Número:
837
Publicado:
Clasificación JEL:
E32, R40, E47, E52
Palabras clave:
Exogenous Bubble, Monetary policy, Macroeconomic volatility, DSGE model
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
In this paper we expanded the closed economy model by Bernanke and Gertler (1999) in order to account for the macroeconomic effects of an asset price bubble in the context of a small open economy model. During the nineties emerging market economies opened