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Política monetaria y cambios de régimen en los tipos de interés del mercado interbancario

Fernández Serrano , José Luis and Robles Fernández, María Dolores (2002) Política monetaria y cambios de régimen en los tipos de interés del mercado interbancario. [ Documentos de trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 0209, 2002, ]

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Abstract

Se analiza cuál es la política monetaria óptima bajo una regla de gasto público no habitual en la literatura: el gasto representa un porcentaje constante en la producción. En este caso, dado que el ritmo de crecimiento de la oferta monetaria y el coeficiente legal de caja influyen sobre el nivel de producción, el nivel de gasto dependerá del valor que tomen dichos instrumentos. Se muestra que la validez de la regla Friedman depende del valor del ratio consumo público/output. Asimismo cuando es óptimo utilizar el coeficiente legal de caja, este resulta ser un instrumento equivalente al crecimiento monetario


Item Type:Working Paper or Technical Report
Additional Information:

Clasificación JEL: E13, E43, G12, G15

Uncontrolled Keywords:Proceso de Markov, Tipo de interés a corto plazo, Procesos de difusión
Subjects:Social sciences > Economics > Economic history
Social sciences > Economics > Money
Series Name:Documentos de trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volume:2002
Number:0209
ID Code:7661
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Deposited On:10 Mar 2008
Last Modified:06 Feb 2014 07:55

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