Does the price puzzle exist in colombia? Empirical evidence and policy implications
The positive response of prices to an increase in interest rates or contractionary monetary policy has been documented by several empirical studies.2 According to monetarist as well as IS-LM models, an increase in interest rates or contractionary monetary policy reduces aggregate demand leading to a...
- Autores:
-
Solomon, Blen
Ruiz, Isabel
- Tipo de recurso:
- Fecha de publicación:
- 2006
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/937
- Acceso en línea:
- http://hdl.handle.net/10784/937
- Palabra clave:
- Price Puzzle
Vector Error Correction Model
- Rights
- License
- Acceso abierto