Notas Técnicas
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Browsing Notas Técnicas by Author "Chaverri-Morales, Carlos Alberto"
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- Indicador de Tasa de política monetaria del Banco Central de Costa RicaThis paper constructs an indicator for the monetary policy rate of the Central Bank of Costa Rica from 2000 onwards. This indicator is relevant because prior to February 2004, the BCCR lacked an explicit monetary policy rate as an instrument to operationalize its monetary strategy and after that date has changed several times its definition. This situation makes it dificult macroeconomic analysis around this variable so it is convenient to construct an indicator of monetary policy rate that is coherent over time and consistent with the current monetary control scheme.