Nonconventional monetary policy in a regime-switching model with endogenous financial crises

This paper develops a regime-switching newkeynesian model for a small open economy, with an occasionally binding financial friction that allows for endogenous financial crises. The model has two regimes: a regime for normal economic times, in which financial market access is unconstrained, and a cri...

Full description

Autores:

Barreto, Leonardo

Tipo de recurso:

Work document

Fecha de publicación:

2018

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

spa

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/41033

Acceso en línea:

http://hdl.handle.net/1992/41033

Palabra clave:

Financial crisis
Small open economy
Regime-switching
Inflation targeting
Colombia
E44, E50, E52, E58

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/