 | Incorporating Financial Sector Risk into Monetary Policy Models: Application to Chile Author/Editor: Dale F. Gray, Carlos Garcia, Leonardo Luna, Jorge Restrepo. Release Date:September, 2011 This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the more...
| Price: $18.00
|  | Fiscal Rules in a Volatile World: A Welfare-Based Approach Author/Editor: Carlos Garcia, Jorge Restrepo, Evan Tanner. Release Date:March, 2011 It is widely agreed that a fiscal rule should boost discipline and credibility, reduce macroeconomic volatility, and be easily understood. To support such goals, a government may run structural more...
| Price: $18.00
|  | The Role of the Exchange Rate in Inflation-Targeting Emerging Economies Author/Editor: Turgut Kisinbay, Seiichi Shimizu, Anna Nordstrom, Jorge Restrepo, Scott Roger, Mark R. Stone. Release Date:November, 2009 This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and more...
| Price: $33.00
|  | Hybrid Inflation Targeting Regimes Author/Editor: Jorge Restrepo, Carlos Garcia, Scott Roger. Release Date:October, 2009 This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank's policy reaction function can improve macroeconomic performance. It is found that including more...
| Price: $18.00
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