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This work examines the difficulties and formidable challenges faced by monetary authorities to control the behavior of monetary aggregates in an open economy dependent of an exportable natural resource such as Venezuela. The work not only introduces analytical arguments but also provides some...
Persistent link: https://www.econbiz.de/10004965221
En este trabajo se cuantifica el contenido informativo de los Índices de Confianza utilizados por el Banco de la República en la elaboración de su Informe sobre Inflación. Se estudian las frecuencias a las que ocurren sus variaciones y se comparan con las frecuencias de medidas similares de...
Persistent link: https://www.econbiz.de/10009131575
En este trabajo se cuantifica el contenido informativo de los Índices de Confianza utilizados por el Banco de la República en la elaboración de su Informe sobre Inflación. Se estudian las frecuencias a las que ocurren sus variaciones y se comparan con las frecuencias de medidas similares de...
Persistent link: https://www.econbiz.de/10009131585
An important challenge in monetary economics is the development of an endogenous theory of money, which introduces … money in a natural way and not as an external imposition. This paper reviews different approaches that have been used in …
Persistent link: https://www.econbiz.de/10005697803
in economic activity. This paper studies aggregate real money balances as leader indicator of the economic activity based …
Persistent link: https://www.econbiz.de/10005730144
circulation and the money multiplier. Regarding the first case, we highlight the aggressive role of the Federal Reserve as last …
Persistent link: https://www.econbiz.de/10012099725
holding money. To that end, an extensive long-run econometric analysis of money demand is carried out for Mexico using the … monetary aggregate M1. Based on it, two indicators are calculated, the money gap and the m* indicator. Such gap measures …
Persistent link: https://www.econbiz.de/10011445082
holding money. To that end, an extensive long-run econometric analysis of money demand is carried out for Mexico using the … monetary aggregate M1. Based on it, two indicators are calculated, the money gap and the m* indicator. Such gap measures …
Persistent link: https://www.econbiz.de/10011294297
circulation and the money multiplier. Regarding the first case, we highlight the aggressive role of the Federal Reserve as last …
Persistent link: https://www.econbiz.de/10012063842
En este trabajo se estudia la transmisión de la política monetaria a las diferentesregiones de un mismo país a través de la tasa de interés. Una de las razones por lacual hay un efecto regional en la política monetaria, es porque diferentescondiciones económicas determinan distintas...
Persistent link: https://www.econbiz.de/10005767912