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Política monetaria y mecanismos de transmisión

Author

Listed:
  • Verónica Mies

    (Facultad de Ciencia Económicas y Administrativas Pontificia Universidad Católica de Chile)

  • Felipe Guillermo Morandé Lavín

    (Universidad de Chile)

  • Matías Tapia

    (Facultad de Ciencia Económicas y Administrativas Pontificia Universidad Católica de Chile)

Abstract

El trabajo comienza revisando la literatura que existe sobre transmisión monetaria, con especial atención en la evidencia disponible para Chile. Luego aborda dos temas que han recibido la debida atención en estudios previos, como son: i) La evolución del impacto de la política monetaria sobre el producto y la inflación a lo largo de la última década, y ii) la descomposición de este impacto a escala sectorial. Se usa un modelo uniecuacional para verificar la evolución temporal de la efectividad de la política monetaria, y la posible existencia de un cambio de régimen a fines de la década pasada. Luego se recurre a un modelo VAR para evaluar la evolución temporal de las funciones de impulso-respuesta. Finalmente, se compara el impacto de la política monetaria sobre distintos sectores productivos para lo cual se incorporan en el modelo VAR tradicional, variables de producción y precios sectoriales.

Suggested Citation

  • Verónica Mies & Felipe Guillermo Morandé Lavín & Matías Tapia, 2003. "Política monetaria y mecanismos de transmisión," Premio de Banca Central Rodrigo Gómez / Central Banking Award "Rodrigo Gómez", Centro de Estudios Monetarios Latinoamericanos, CEMLA, number prg2003b, July-Dece.
  • Handle: RePEc:cml:prodgz:prg2003b
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    File URL: http://cemla.org/PDF/premiobc/pub-lib-premio2003-B.pdf
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    Citations

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    Cited by:

    1. Esteban Gómez & Diego Vásquez & Camilo Zea, 2005. "Derivative Markets' Impact On Colombian Monetary Policy," BORRADORES DE ECONOMIA 002277, BANCO DE LA REPÚBLICA.
    2. Rosalinda Arriaga Navarrete. & Miriam Sosa Castro. & Abigail Rodríguez Nava., 2020. "Impactos monetarios sobre la rentabilidad del mercado accionario en México: Un análisis de cambio de régimen Markoviano. (Monetary Impacts on the Mexican Stock Market Returns: A Markov Switching Appro," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 187-216, November.

    More about this item

    Keywords

    Política monetaria;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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