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Author: Carlos Montoro
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This paper provides a fully micro-founded New Keynesian framework to study the interaction between oil price volatility, pricing behavior of firms and monetary policy. We show that when oil has low substitutability, firm...Read more...
Paul Castillo, Carlos Montoro and Vicente Tuesta
March 2007
We extend the New Keynesian Monetary Policy literature relaxing the assumption that the decisions are taken by a single policymaker, considering instead that monetary policy decisions are taken collectively in a committe...Read more...
Carlos Montoro
February 2007