Isela Téllez-León.; Francisco Venegas-Martínez.; … - In: Economía: teoría y práctica 35 (2011) 2, pp. 131-156
The aim of this paper is to examine how inflation volatility affects economic growth in a small open economy. To reach this goal, a stochastic macroeconomic model with a financial sector and incomplete financial markets (due to the inclusion of jumps) is developed. It is assumed that the general...