Spanish Abstract: El documento propone el New Deal Monetario Argentino 2020. Sus objetivos principales son: A- Introducir transitoriamente flujos monetarios para reactivar la economía en el corto plazo (forma V) en lugar de que se prolongue en el largo plazo (forma L). B- Fomentar inversiones...

This paper brings a global approach to the principles characteristics of the monetary policy in the period 1931-1959 and its changes related to the national and international context. Two were the most important transformations. On one hand, the increasing role of the Republic Bank of Uruguay...

During the last decade, a new consensus has emerged among economists with respect to the way in which monetary policy should be conducted. According to this view, monetary policy should be focused in order to achieve a given inflation target. However, the

Existen numerosos consensos entre los economistas de Chicago y Viena en lo que concierne a la comprensión del funcionamiento de los mercados y las políticas públicas, y en el rechazo al intervencionismo, el socialismo y el totalitarismo. Sin embargo, en lo referente a temas macroeconómicos,...

In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments. This analysis allows us to conclude that these...

Spanish Abstract: El uso de políticas macroprudenciales en los últimos años cobro relevancia en diferentes economías. A consecuencia de la crisis financiera de 2008, este instrumento fue de utilidad en economías emergentes para disminuir los efectos del adverso contexto internacional. La...

Spanish Abstract: En este trabajo, analizamos la gestión de la política monetaria de los bancos centrales (BC) de América Latina que han establecido un esquema pleno de objetivos de inflación. A partir de la estimación de una regla óptima de política monetaria, utilizando el Método...

English Abstract: This paper analyses the impact of the COVID-19 crisis on the financial vulnerability of the Spanish corporate sector. The simulations conducted show that the crisis significantly increased firms’ liquidity needs in 2020, although the measures adopted by national and...

In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments. This analysis allows us to conclude that these...