Discretion of the Monetary Policy: An Exemplification with Bolivia

Discretion of the Monetary Policy: An Exemplification with Bolivia

In this paper, we evaluate and quantify the role of the discretion of the monetary policy in an open small and open economy (the case of Bolivia). The results suggest that conventional instruments of the Central Bank respond in different ways: interest rates present a sensitive/elastic response to o...

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Bibliographic Details
Main Authors: Rivero Roger Alejandro Banegas, Ramírez Marco Alberto Núñez, Ríoe Sacnicté Valdez del
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2019-03-01
Series:Scientific Annals of Economics and Business
Subjects:
monetary policy
inflation
output gap
open market operations
elasticity
generalized moments
Online Access:http://www.degruyter.com/view/j/saeb.2019.66.issue-1/saeb-2019-0006/saeb-2019-0006.xml?format=INT

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http://www.degruyter.com/view/j/saeb.2019.66.issue-1/saeb-2019-0006/saeb-2019-0006.xml?format=INT

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