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Una nota sobre política monetaria óptima

Author

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  • Esther Fernández

    (Universidad Complutense de Madrid)

Abstract

En este trabajo 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 influye sobre el nivel de producción, el nivel de gasto dependerá del valor que tome dicho instrumento. Se muestra que la validez de la regla de Friedman depende del valor del ratio consumo público/producción. (Copyright: Fundación SEPI)

Suggested Citation

  • Esther Fernández, 2004. "Una nota sobre política monetaria óptima," Investigaciones Economicas, Fundación SEPI, vol. 28(3), pages 535-550, September.
    • Handle: RePEc:iec:inveco:v:28:y:2004:i:3:p:535-550
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    References listed on IDEAS

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    1. Chari, V. V. & Christiano, Lawrence J. & Kehoe, Patrick J., 1996. "Optimality of the Friedman rule in economies with distorting taxes," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 203-223, April.
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    5. Lucas, Robert Jr., 1990. "Liquidity and interest rates," Journal of Economic Theory, Elsevier, vol. 50(2), pages 237-264, April.
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    More about this item

    Keywords

    Impuesto inflacionario óptimo; restricción de efectivo por adelantado.;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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