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Implementation of Monetary Policy and its Influence on the Output

Listed author(s):
  • Ricardo Álvarez Torres


    (Economic Research Institute of the National Autonomous University of Mexico (UNAM))

  • María Irma Manrique Campos


    (Economic Research Institute of the National Autonomous University of Mexico (UNAM))

  • Alejandra Fernández Hernández


    (Universidad Politécnica del Estado de Morelos (UPEMOR))

Registered author(s):

    The output plays one of the main roles in both theoretical: orthodox and heterodox framework. In Mexico, where was embrace, and it is still ruling, an Inflation Targeting policy, it says that the output gap determines the inflation level, hence it symbolize worthy role of the application policy. Besides the fact that, in the heterodox framework, where the aggregate demand determines the output, it in turn, affect the level of employment, etc. This paper portrays, though statistics analysis, how monetary policy affects the output in Mexican case, also to provide a contrast of the role of product into the orthodox and heterodox framework.

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    File Function: First version, 2015
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    Paper provided by International Institute of Social and Economic Sciences in its series Proceedings of International Academic Conferences with number 2704737.

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    Length: 11 pages
    Date of creation: Sep 2015
    Publication status: Published in Proceedings of the Proceedings of the 18th International Academic Conference, London, Sep 2015, pages 65-75
    Handle: RePEc:sek:iacpro:2704737
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