Roa, Luisa F. Acuña; Polania, Julian A. Parra - Banco de la Republica de Colombia - 2013
This manuscript can be divided into two main parts. The first one, using a simple example by Minford (2004) and Hatcher (2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation Targeting (IT) and Price-Level Targeting (PLT). The...