El Retardo Externo De La Política Monetaría En El Crecimiento Y La Inflación: Una Revisión Teórica Y Metodológica
AbstractIn this work it is reviewed the external retard of monetary policy within the framework of theoretical and methodological resources present in this analysis. Within the scope of the economic theory, it is confirmed that model IS-LM-MC is useful and allows to analyze deeply the monetary policy for a small and open economy with a flexible exchange rate (Mexico case). It is also fundamental to discuss the transmission mechanisms (from a Neokeynesian perspective) , the basic concepts to understand the policy retards, and to bring to end the theoretical review, it is studied Poole ‘s analysis about the decision of taking monetary attachés or the interest rate as instruments of monetary policy. Within the methodological scope, the technique of Granger’s causation, different methods to apply the “ econometrics of retards” (Kyock, PDL and VAR) and Chow’s test of structural change are reviewed. Finally, in the conclusions, the author propounds the necessary variables for a further approach of the empiric analysis (statistical and econometric) of the problem which takes up our attention as well as the techniques that could be used and the length of their study.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0503020.
Length: 10 pages
Date of creation: 23 Mar 2005
Date of revision:
Note: Type of Document - pdf; pages: 10. Paper avalaible in Spanish with abstract in English
Contact details of provider:
Web page: http://184.108.40.206
Monetary Policy. Growth. Inflation.;
Find related papers by JEL classification:
- E - Macroeconomics and Monetary Economics
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.