Ocampo Gaviria, José Antonio; Ojeda Joya, Jair Neftali - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-19
Supply shocks bring about important dilemmas for monetary policy in emerging economies. We compute monetary policy … average, procyclical in emerging economies after temporary supply shocks. Second, monetary policy is more procyclical in fixed … responses to supply shocks using quarterly data and a Bayesian panel VAR for 24 emerging economies during the period 2004 …