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Implementation of Monetary Policy and its Influence on the Output

Author

Listed:
  • 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))

Abstract

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.

Suggested Citation

  • Ricardo Álvarez Torres & María Irma Manrique Campos & Alejandra Fernández Hernández, 2015. "Implementation of Monetary Policy and its Influence on the Output," Proceedings of International Academic Conferences 2704737, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:2704737
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    File URL: http://iises.net/proceedings/18th-international-academic-conference-london/table-of-content/detail?cid=27&iid=012&rid=4737
    File Function: First version, 2015
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    More about this item

    Keywords

    Monetary Policy; Output; Mexico;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models

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