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La tasa de los fondos federales de Estados Unidos y la dinamica del mercado laboral en una economia pequena, abierta y dolarizada: Evidencia mediante la creacion y destruccion de empleo en Puerto Rico

  • Carlos A. Rodriguez
  • Karen Ortiz


    (Universidad de Puerto Rico)

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    Este trabajo examina los efectos de la tasa de fondos federales en una economia con caracteristicas particulares: el caso de Puerto Rico. De acuerdo a dichas caracteristicas se desarrolla un modelo dinamico que apoya tanto la evidencia empirica como relacion de la creacion y destruccion de empleo en Puerto Rico como indicadores de la actividad economica, y la tasa de los fondos federales como medida de la politica monetaria. Los resultados indican que los movimientos anticipados de la tasa de los fondos federales de Estados Unidos tienen efectos significativos sobre la creacion y destruccion de empleo. Sin embargo, dadas las caracteristicas de la economia de Puerto Rico, estos movimientos anticipados no tienen efectos significativos sobre la creacion de empleo. Por el contrario, movimientos no-anticipados de la tasa de los fondos federales tienen efectos significativos en ambas variables. De acuerdo con estos resultados, puede concluirse que la politica monetaria de Estados Unidos tiene efectos sobre la dinamica de corto plazo del empleo y de la actividad economica real.

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    Article provided by Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia. in its journal EconoQuantum, Revista de Economia y Negocios.

    Volume (Year): 4 (2007)
    Issue (Month): 1 (Julio - Diciembre)
    Pages: 85-112

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    Handle: RePEc:qua:journl:v:4:y:2007:i:1:p:85-112
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