IDEAS home Printed from https://ideas.repec.org/a/ris/rnicee/0077.html
   My bibliography  Save this article

El nivel de precios, la política monetaria y la regla de Taylor en una economía IS/LM de precios flexibles

Author

Listed:
  • Lizarazu Alanez, Eddy

    (Profesor e Investigador, Departamento de Economía de la UAM-Iztapalapa,)

Abstract

We study a flexible price IS/LM economy in which the money supply and interest rate play the role of monetary policy instruments. If the central bank sets the nominal interest rate, the ambiguity in the price level is manifested. However, the equilibrium price level is permissible, if the central bank outlines a monetary rule for the interest rate. The existence of an inflation target by the central contributes to qualify the price level.

Suggested Citation

  • Lizarazu Alanez, Eddy, 2013. "El nivel de precios, la política monetaria y la regla de Taylor en una economía IS/LM de precios flexibles," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(2), pages 7-34.
    • Handle: RePEc:ris:rnicee:0077
    as

    Download full text from publisher

    File URL: http://rnee.umich.mx
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    IS-LM model; monetary policy; price level; rational expectations; Taylor rule.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:rnicee:0077. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Plinio Hernández Barriga (email available below). General contact details of provider: https://edirc.repec.org/data/iimicmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.