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Demanda y oferta agregada en presencia de políticas monetarias no convencionales

Author

Listed:
  • Waldo Mendoza Bellido

    ( Departamento de Economía de la Pontificia Universidad Católica del Perú)

Abstract

El objetivo central de este artículo es modelar la política monetaria no convencional, extendiendo el modelo estándar de demanda y oferta agregada de economía cerrada para incorporar las innovaciones de la política monetaria aplicadas con el objetivo de contrarrestar las secuelas de la crisis internacional de 2008-2009. En este modelo, a diferencia del modelo IS-LM convencional, la Fed administra la tasa de interés de corto plazo y no la oferta monetaria, la cual es considerada endógena. Por otro lado, para poder analizar el impacto de la flexibilización cuantitativa, siguiendo a Tobin (1981), a los mercados de bienes, de dinero y de bonos de corto plazo se añade un mercado de bonos de largo plazo. Este artículo es una muestra de que los viejos modelos y los viejos métodos son todavía muy útiles para tratar los problemas macroeconómicos contemporáneos. JEL Classification-JEL: E4, E5

Suggested Citation

  • Waldo Mendoza Bellido, 2015. "Demanda y oferta agregada en presencia de políticas monetarias no convencionales," Documentos de Trabajo / Working Papers 2015-396, Departamento de Economía - Pontificia Universidad Católica del Perú.
    • Handle: RePEc:pcp:pucwps:wp00396
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    File URL: http://repositorio.pucp.edu.pe/index/handle/123456789/52511
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    References listed on IDEAS

    as
    1. Jhonatan A. Clausen Lizárraga & José Luis Flor Toro, 2014. "Sobre la naturaleza multidimensional de la pobreza humana: propuesta conceptual e implementación empírica para el caso Peruano," Documentos de Trabajo / Working Papers 2014-387, Departamento de Economía - Pontificia Universidad Católica del Perú.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Política monetaria no convencional; trampa de liquidez; flexibilización cuantitativa;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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