Abstract
In this model, monetary policy follows an inflation targeting scheme, using the interbank interest rate as the instrument of policy, while the money supply remains endogenous. On the other hand, a limit for the fiscal deficit as a percentage of GDP.
Original language | Spanish |
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Pages (from-to) | 469-486 |
Number of pages | 18 |
Journal | Trimestre Economico |
Volume | 78 |
State | Published - 1 Jan 2011 |