Ítem
Acceso Abierto
Credit spreads and monetary policy in a small open economy: an analysis of the colombian economy
dc.contributor.advisor | Bejarano Rojas, Jesús Antonio | |
dc.creator | Ballesteros, Alexander | |
dc.creator.degree | Magíster en Economía | |
dc.date.accessioned | 2016-07-05T19:48:53Z | |
dc.date.available | 2016-07-05T19:48:53Z | |
dc.date.created | 2016-06-14 | |
dc.date.issued | 2016 | |
dc.description.abstract | This paper estimates Bejarano and Charry (2014)’s small open economy with financial frictions model for the Colombian economy using Bayesian estimation techniques. Additionally, I compute the welfare gains of implementing an optimal response to credit spreads into an augmented Taylor rule. The main result is that a reaction to credit spreads does not imply significant welfare gains unless the economic disturbances increases its volatility, like the disruption implied by a financial crisis. Otherwise its impact over the macroeconomic variables is null. | eng |
dc.description.sponsorship | Universidad del Rosario | spa |
dc.format.mimetype | application/pdf | |
dc.identifier.doi | https://doi.org/10.48713/10336_12209 | |
dc.identifier.uri | http://repository.urosario.edu.co/handle/10336/12209 | |
dc.language.iso | spa | |
dc.publisher | Universidad del Rosario | spa |
dc.publisher.department | Facultad de Economía | spa |
dc.publisher.program | Maestría en Economía | spa |
dc.rights.accesRights | info:eu-repo/semantics/openAccess | |
dc.rights.acceso | Abierto (Texto completo) | spa |
dc.rights.cc | Atribución-NoComercial-SinDerivadas 2.5 Colombia | spa |
dc.rights.licencia | EL AUTOR, manifiesta que la obra objeto de la presente autorización es original y la realizó sin violar o usurpar derechos de autor de terceros, por lo tanto la obra es de exclusiva autoría y tiene la titularidad sobre la misma. PARGRAFO: En caso de presentarse cualquier reclamación o acción por parte de un tercero en cuanto a los derechos de autor sobre la obra en cuestión, EL AUTOR, asumirá toda la responsabilidad, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos la universidad actúa como un tercero de buena fe. EL AUTOR, autoriza a LA UNIVERSIDAD DEL ROSARIO, para que en los términos establecidos en la Ley 23 de 1982, Ley 44 de 1993, Decisión andina 351 de 1993, Decreto 460 de 1995 y demás normas generales sobre la materia, utilice y use la obra objeto de la presente autorización. -------------------------------------- POLITICA DE TRATAMIENTO DE DATOS PERSONALES. Declaro que autorizo previa y de forma informada el tratamiento de mis datos personales por parte de LA UNIVERSIDAD DEL ROSARIO para fines académicos y en aplicación de convenios con terceros o servicios conexos con actividades propias de la academia, con estricto cumplimiento de los principios de ley. Para el correcto ejercicio de mi derecho de habeas data cuento con la cuenta de correo habeasdata@urosario.edu.co, donde previa identificación podré solicitar la consulta, corrección y supresión de mis datos. | spa |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/2.5/co/ | |
dc.source.bibliographicCitation | Bejarano, Jesús., and Charry, Luisa , (2014), "Financial Frictions and Optimal Monetary Policy in a Small Open Economy", Borradores de Economia, 852. | |
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dc.source.bibliographicCitation | Castro, Vítor, (2011), "Can central banks’ monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule?", Journal of Financial Stability, Elsevier, vol. 7(4), pages 228-246. | |
dc.source.bibliographicCitation | Chari, V. V., Christiano, Lawrence J., and Kehoe, Patrick J., (2008), "Facts and myths about the financial crisis of 2008," Federal Reserve Bank of Minneapolis Working Papers 666 | |
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dc.source.bibliographicCitation | Prada , Juan David., Rojas ,Luis Eduardo (2009), "La elasticidad de Frisch y la transmisión de la política monetaria en Colombia," Borradores de Economia, 555, Banco de la Republica de Colombia. | |
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dc.source.bibliographicCitation | Schmitt-Grohe,Stephanie ., and Uribe, Martin , (2004a), "Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the U.S. Business Cycle", NBER Working Papers ,10724, National Bureau of Economic Research, Inc. | |
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dc.source.instname | instname:Universidad del Rosario | spa |
dc.source.reponame | reponame:Repositorio Institucional EdocUR | spa |
dc.subject | Optimal Monetary Policy | spa |
dc.subject | Credit Spreads | spa |
dc.subject | Bayesian Estimation | spa |
dc.subject | Colombia | spa |
dc.subject.ddc | Economía | |
dc.subject.keyword | Optimal Monetary Policy | eng |
dc.subject.keyword | Credit Spreads | eng |
dc.subject.keyword | Bayesian Estimation | eng |
dc.subject.keyword | Colombia | eng |
dc.subject.lemb | Economía | spa |
dc.subject.lemb | Política monetaria | spa |
dc.subject.lemb | Apertura económica | spa |
dc.subject.lemb | Economía::Colombia | spa |
dc.title | Credit spreads and monetary policy in a small open economy: an analysis of the colombian economy | spa |
dc.type | masterThesis | eng |
dc.type.hasVersion | info:eu-repo/semantics/acceptedVersion | |
dc.type.spa | Tesis de maestría | spa |
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