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La trampa de liquidez en una economía de precios flexibles

Author

Listed:
  • Lizarazu, Eddy

    (Departamento de Economía de la Universidad Autónoma Metropolitana, Unidad Iztapalapa)

  • Ugarte, Eva

    (Universidad Autónoma Metropolitana)

  • León , Josefina

    (Departamento de Economía de la Universidad Autónoma Metropolitana, Unidad Azcapotzalco)

Abstract

En este documento el objeto de estudio es la trampa de liquidez en la economía no-estocástica de precios flexibles de Krugman (1998, 2000). La incompetencia del banco central es manifiesta al menos de manera provisional porque es incapaz de responder a una caída en la ‘tasa natural de interés’. Sin embargo, en el modelo de Krugman, la irrelevancia no es el sello distintivo de la política monetaria. Si el banco central tiene el control de la tasa de emisión monetaria, entonces tácitamente tiene la capacidad para sobreponerse a la trampa de liquidez, pero esto se logra manipulando las creencias del público sobre la tasa de inflación futura. La eficacia procedimental no es circunstancial porque el banco central toma decisiones basadas en los fundamentos de la economía.

Suggested Citation

  • Lizarazu, Eddy & Ugarte, Eva & León , Josefina, 2014. "La trampa de liquidez en una economía de precios flexibles," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(2), pages 99-139.
    • Handle: RePEc:ris:rnicee:0088
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    More about this item

    Keywords

    Política monetaria; tasa natural de interés; trampa de liquidez;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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