Optimal Monetary policy with Informality: A Benchmark Framework

Our paper aims at unveiling how much the monetary policy shall deviate from the zero-inflation allocation in an economy with a large informal sector. A first insight is thatinformality amplifies cost-push shocks on inflation. The gap between the natural rateand the first best allocation varies due t...

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Autores:

Tipo de recurso:

Fecha de publicación:

2018

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

eng

OAI Identifier:

oai:repository.urosario.edu.co:10336/18255

Acceso en línea:

https://doi.org/10.48713/10336_18255
http://repository.urosario.edu.co/handle/10336/18255

Palabra clave:

Informalidad
Política monetaria óptima
Macroeconomía neokeynesiana
Distorsión fiscal
Producción
Informality
Optimal monetary policy
New-Keynesian macroeconomics
Tax distortion
Economía informal
Política monetaria
Macroeconomía

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License

http://creativecommons.org/licenses/by-nc-sa/2.5/co/