Add to ORKGIn a small macroeconomic model of the Colombian economy I investigate the problem of selecting a policy rule that is consistent with inflation targeting. I spell out the characteristics of the optimal feedback and output parameters in the rule, as well as for the optimal forecasting horizon for inflation targeting. Using stochastic simulations of the model it is found that, as expected, rules that use forecasts of inflation rather than just contemporaneous inflation have better stabilization properties
This paper investigates optimized monetary policy rules in the presence of government intervention t...
During the transition from a moderately high level of inflation to an internationally accepted level...
Monetary policy is modeled as being governed by a known rule, except for a time-varying target rate ...
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a pol...
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a pol...
Utilizando un modelo macroeconómico de pequeña escala para la economía colombiana, se investiga el p...
Policy rules that are consistent with inflation targeting are examined in a small macroeconomic mode...
A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflat...
This paper presents a dynamic stochastic general equilibrium model of inflation targeting in small ...
What is a good monetary policy rule for stabilizing the economy? In this paper, efficient policy rul...
During the transition from a moderately high level of inflation to an internationally accepted level...
We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, inc...
This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate i...
This paper characterizes optimal monetary policy for a range of alternative economic models in terms...
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a s...
This paper investigates optimized monetary policy rules in the presence of government intervention t...
During the transition from a moderately high level of inflation to an internationally accepted level...
Monetary policy is modeled as being governed by a known rule, except for a time-varying target rate ...
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a pol...
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a pol...
Utilizando un modelo macroeconómico de pequeña escala para la economía colombiana, se investiga el p...
Policy rules that are consistent with inflation targeting are examined in a small macroeconomic mode...
A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflat...
This paper presents a dynamic stochastic general equilibrium model of inflation targeting in small ...
What is a good monetary policy rule for stabilizing the economy? In this paper, efficient policy rul...
During the transition from a moderately high level of inflation to an internationally accepted level...
We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, inc...
This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate i...
This paper characterizes optimal monetary policy for a range of alternative economic models in terms...
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a s...
This paper investigates optimized monetary policy rules in the presence of government intervention t...
During the transition from a moderately high level of inflation to an internationally accepted level...
Monetary policy is modeled as being governed by a known rule, except for a time-varying target rate ...