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Agentes no ricardianos y rigideces nominales: su efecto sobre el principio de Taylor

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  • Sergio Ocampo Díaz

Abstract

El documento aborda los posibles efectos que puede tener la inclusión de agentes noricardianos en un modelo de equilibrio general dinámico sobre el llamado principio deTaylor; al hacerlo se encuentra que el principio de Taylor sólo se modifica bajo ciertascondiciones sobre las rigideces nominales del modelo. Con el fin de encontrar las condicionesnecesarias para modificar el principio de Taylor se propone un modelo de equilibrio generaldinámico con múltiples fuentes de heterogeneidad (heterogeneidad causada por la presenciade agentes no ricardianos y por la de las rigideces nominales de salarios). Éste tipo demodelo es nuevo para la literatura y su uso permite concluir que sólo en presencia de altarigidez de precios, salarios altamente flexibles y un porcentaje considerable de agentes noricardianos, es posible alterar el resultado original deWoodford (2001) sobre las condicionesque deben cumplir los parámetros de la regla de Taylor para garantizar la determinacióndel equilibrio del modelo.

Suggested Citation

  • Sergio Ocampo Díaz, 2011. "Agentes no ricardianos y rigideces nominales: su efecto sobre el principio de Taylor," Vniversitas Económica 8302, Universidad Javeriana - Bogotá.
    • Handle: RePEc:col:000416:008302
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    File URL: http://cea.javeriana.edu.co/documents/153049/2786252/Vol.11_3_2011.pdf/4bbf2eb6-5154-4c0d-9fa0-9adaab4e7b7f
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    References listed on IDEAS

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    Cited by:

    1. Anzoategui Zapata, Juan Camilo, 2014. "Restricción a la liquidez en Colombia [Restriction liquidity Colombia]," MPRA Paper 62043, University Library of Munich, Germany.

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    More about this item

    Keywords

    DSGE; Principio de Taylor; reglas de tasa de interés; modeloneo-keynesiano; rigideces nominales; precios rígidos; salarios rígidos; agentes no ricardianos;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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