Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023
economies to have greater room of manouvre in conducting their monetary policy. On the one hand, we find that policy rates … monetary policy can respond countercyclically to fluctuations in GDP. However, our results also show that some of these Central … behavior compatible with the prescriptions of an optimal monetary policy rule for a small and open economy? To distinguish …