 | Incorporating Financial Sector Risk Into Monetary Policy Models : Application to Chile Author/Editor: Leonardo Luna, Dale F. Gray, Jorge Restrepo, Carlos Garcia. Release Date:September, 2011 This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the more...
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 | Fiscal Rules in a Volatile World : A Welfare-Based Approach Author/Editor: Jorge Restrepo, Carlos Garcia, Evan Tanner. Release Date:March, 2011 It is widely agreed that a fiscal rule should boost discipline and credibility, reduce macroeconomic volatility, and be easily understood. To support such goals, a government may run structural more...
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 | Hybrid Inflation Targeting Regimes Author/Editor: Carlos Garcia, Jorge Restrepo, Scott Roger. Release Date:October, 2009 This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank's policy reaction function can improve macroeconomic performance. It is found that including more...
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