Laborde-Vera, Juan Camilo
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- Publicación |The same monetary policy rate decision does not have uniform effects across regions of the country. Regions experiencing larger declines in inflation also tend to exhibit more pronounced slowdowns in economic activity and employment. This finding suggests that regional heterogeneity primarily…
- Publicación |An unexpected increase in the monetary policy rate generates a “Jcurve” pattern in the trade balance: in the short run, exports fall more than imports (the trade balance deteriorates), and in the medium term, imports fall more than exports (the trade balance improves).
