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Una nota sobre política monetaria óptima

Author

Listed:
  • Esther Fernández

    (Universidad Complutense de Madrid)

Abstract

En este trabajo se analiza cuál es la política monetaria óptima bajo una regla de gasto público no habitual en la literatura: el gasto representa un porcentaje constante en la producción. En este caso, dado que el ritmo de crecimiento de la oferta monetaria influye sobre el nivel de producción, el nivel de gasto dependerá del valor que tome dicho instrumento. Se muestra que la validez de la regla de Friedman depende del valor del ratio consumo público/producción. (Copyright: Fundación SEPI)

Suggested Citation

  • Esther Fernández, 2004. "Una nota sobre política monetaria óptima," Investigaciones Economicas, Fundación SEPI, vol. 28(3), pages 535-550, September.
    • Handle: RePEc:iec:inveco:v:28:y:2004:i:3:p:535-550
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    References listed on IDEAS

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    1. Chari, V. V. & Christiano, Lawrence J. & Kehoe, Patrick J., 1996. "Optimality of the Friedman rule in economies with distorting taxes," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 203-223, April.
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    5. Lucas, Robert Jr. & Stokey, Nancy L., 1983. "Optimal fiscal and monetary policy in an economy without capital," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 55-93.
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    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Systems; Standards; Regimes; Government and the Monetary System

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