IDEAS home Printed from https://ideas.repec.org/p/pcp/pucwps/wp00122.html
   My bibliography  Save this paper

Dinero, tipo de cambio y expectativas

Author

Listed:
  • Waldo Mendoza

    (Departamento de Economía- Pontificia Universidad Católica del Perú)

Abstract

Two dynamic models are developed in this essay. In both models the rate of inflation, the exchange rate variations and the rate of output growth are determined. They are different only in the treatment of exchange rate expectations. The first one includes adaptive expectations and the second one works with rational expectations. In the new steady state equilibrium, after a decrease in the rate of growth of money, there is a proportionate decreasing in the rates of inflation and depreciation. However, the models work in different ways in the trajectory towards the equilibrium.

Suggested Citation

  • Waldo Mendoza, 1995. "Dinero, tipo de cambio y expectativas," Documentos de Trabajo / Working Papers 1995-122, Departamento de Economía - Pontificia Universidad Católica del Perú.
    • Handle: RePEc:pcp:pucwps:wp00122
    as

    Download full text from publisher

    File URL: http://files.pucp.edu.pe/departamento/economia/DDD122.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pcp:pucwps:wp00122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/depucpe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.