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Comentarios al ensayo de Ricardo Ffrench-Davis y Manuel Marfán

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  • Palerm, Ángel
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    Abstract

    El ensayo de Ffrench-Davis y Marfán aporta un análisis de las consecuencias de una contracción excesiva de la demanda. Señalan los autores que se ha prestado muy poca atención al cambio del gasto y otras políticas discriminatorias que podrían reducir la contracción del producto necesaria para efectuar la transferencia extranjera asociada al pago de la deuda. En consecuencia, proponen el uso de instrumentos de política fiscal para realizar el cambio del gasto entre los bienes de comercio exterior y los de mercado interno. Es posible que la redución observada en el producto haya sido el resultado de una deficiente demanda agregada. Sin embargo surgen algunas dudas. La reducción podría deberse a una disminución del producto potencial definido de alguna manera. Examinaré esta posibildad más adelante. concediendo que por lo menos una parte de la reducción se haya debido a la deficiencia de la demanda surge el primer interrogante: ¿qué factores han impedido el ajuste adecuado? Me parece que el argumento de Ffrench-Davis y Marfán es poco claro sobre este punto...

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    Bibliographic Info

    Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

    Volume (Year): LVI (1989)
    Issue (Month): número especial (julio)
    Pages: 142-146

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    Handle: RePEc:elt:journl:v:56:y:1989:i:e1989:p:142-146

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    Web page: http://www.fondodeculturaeconomica.com/

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    Postal: Order print issues directly in our web page or with Guadalupe Galicia at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 6° piso,Col. Bosques del Pedregal, CP 14738, Tlalpan, Distrito Federal, México
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