Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime
This paper presents a theoretical model of aggregate supply and demand in a small economy with two productive sectors, under a flexible exchange regime and imperfect capital mobility -- Only one of the production sectors is assumed to produce an exportable commodity sold at world market prices, whil...
- Autores:
-
Mora Mora, José Ustorgio
- Tipo de recurso:
- Fecha de publicación:
- 2013
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/7833
- Acceso en línea:
- http://hdl.handle.net/10784/7833
- Palabra clave:
- B22
E12
E32
N56
Política cambiaria
POLÍTICA FISCAL
CICLOS ECONÓMICOS
POLÍTICA MONETARIA
TASAS DE INTERÉS
Fiscal policy
Business cycles
Monetary policy
Monetary policy
- Rights
- License
- Acceso abierto
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| dc.title.eng.fl_str_mv |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| dc.title.spa.fl_str_mv |
Fluctuaciones económicas en una economía pequeña con dos sectores productivos bajo régimen de cambio flotante |
| title |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| spellingShingle |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime B22 E12 E32 N56 Política cambiaria POLÍTICA FISCAL CICLOS ECONÓMICOS POLÍTICA MONETARIA TASAS DE INTERÉS Fiscal policy Business cycles Monetary policy Monetary policy |
| title_short |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| title_full |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| title_fullStr |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| title_full_unstemmed |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| title_sort |
Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime |
| dc.creator.fl_str_mv |
Mora Mora, José Ustorgio |
| dc.contributor.author.spa.fl_str_mv |
Mora Mora, José Ustorgio |
| dc.contributor.affiliation.spa.fl_str_mv |
Instituto de Investigaciones Económicas y Sociales. Universidad de Los Andes, Venezuela |
| dc.subject.none.fl_str_mv |
B22 E12 E32 N56 Política cambiaria |
| topic |
B22 E12 E32 N56 Política cambiaria POLÍTICA FISCAL CICLOS ECONÓMICOS POLÍTICA MONETARIA TASAS DE INTERÉS Fiscal policy Business cycles Monetary policy Monetary policy |
| dc.subject.lemb.none.fl_str_mv |
POLÍTICA FISCAL CICLOS ECONÓMICOS POLÍTICA MONETARIA TASAS DE INTERÉS |
| dc.subject.keyword.none.fl_str_mv |
Fiscal policy Business cycles Monetary policy Monetary policy |
| description |
This paper presents a theoretical model of aggregate supply and demand in a small economy with two productive sectors, under a flexible exchange regime and imperfect capital mobility -- Only one of the production sectors is assumed to produce an exportable commodity sold at world market prices, while the production of the other sector is assumed to supply the domestic market -- This model helps to explain how the impact of both domestic (economic policy, productivity, etc.) and foreign (changes in exchange terms) shocks is spread -- In every case studied, results show that real output increases consistently with those cases postulated by economic theory -- Conversely, the effects on the price level, the exchange rate and the real interest rate are ambiguous -- In terms of domestic shocks, fiscal or monetary policy may be seen as a way to stabilize or stimulate the economy but the costs involved raise the price level |
| publishDate |
2013 |
| dc.date.issued.none.fl_str_mv |
2013-06-30 |
| dc.date.available.none.fl_str_mv |
2015-11-30T20:39:44Z |
| dc.date.accessioned.none.fl_str_mv |
2015-11-30T20:39:44Z |
| dc.date.none.fl_str_mv |
2013-06-30 |
| dc.type.eng.fl_str_mv |
info:eu-repo/semantics/article article |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_2df8fbb1 |
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Artículo |
| dc.identifier.issn.none.fl_str_mv |
1657-4206 |
| dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/10784/7833 |
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1657-4206 |
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http://hdl.handle.net/10784/7833 |
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spa |
| language |
spa |
| dc.relation.ispartof.eng.fl_str_mv |
Ecos de Economía: A Latin American Journal of Applied Economics; Vol 17, No 36 (2013); 21-42 |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2157 |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2157 |
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http://purl.org/coar/access_right/c_abf2 |
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Acceso abierto |
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Acceso abierto http://purl.org/coar/access_right/c_abf2 |
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application/pdf text/html |
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Universidad EAFIT |
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instname:Universidad EAFIT reponame:Repositorio Institucional Universidad EAFIT |
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Ecos de Economía: A Latin American Journal of Applied Economics; Vol 17, No 36 (2013); 21-42 |
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2013-06-302015-11-30T20:39:44Z2013-06-302015-11-30T20:39:44Z1657-4206http://hdl.handle.net/10784/7833This paper presents a theoretical model of aggregate supply and demand in a small economy with two productive sectors, under a flexible exchange regime and imperfect capital mobility -- Only one of the production sectors is assumed to produce an exportable commodity sold at world market prices, while the production of the other sector is assumed to supply the domestic market -- This model helps to explain how the impact of both domestic (economic policy, productivity, etc.) and foreign (changes in exchange terms) shocks is spread -- In every case studied, results show that real output increases consistently with those cases postulated by economic theory -- Conversely, the effects on the price level, the exchange rate and the real interest rate are ambiguous -- In terms of domestic shocks, fiscal or monetary policy may be seen as a way to stabilize or stimulate the economy but the costs involved raise the price levelEste trabajo presenta un modelo teórico de oferta y demanda agregada en una economía pequeña con dos sectores productivos, bajo un régimen de cambio flexible y movilidad im¬perfecta de capitales -- Se supone que solo uno de los sectores productivos produce un bien exportable que se vende a precios determinados en el mercado mundial, mientras que la producción del otro sector abastece el mercado interno -- Este modelo permite explicar la propagación de los efectos de shocks internos (política económica, productividad, etc.) y externos (alteraciones en los términos de intercambio) -- Los resultados muestran que el pro¬ducto real aumenta en todos los casos considerados y que estos son consistentes con los postulados por la teoría económica -- No obstante, los efectos sobre el nivel de precios, la tasa de cambio y la tasa de interés real son variados -- Desde el punto de vista de los shocks do¬mésticos se puede apreciar que la política fiscal o la política monetaria pueden ser utilizadas para estabilizar o estimular la economía pero los costos de hacerlo elevan el nivel de preciosapplication/pdftext/htmlspaUniversidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 17, No 36 (2013); 21-42http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2157http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2157instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 17, No 36 (2013); 21-42B22E12E32N56Política cambiariaPOLÍTICA FISCALCICLOS ECONÓMICOSPOLÍTICA MONETARIATASAS DE INTERÉSFiscal policyBusiness cyclesMonetary policyMonetary policyEconomic fluctuations in a small economy with two productive sectors under a floating exchange rate regimeFluctuaciones económicas en una economía pequeña con dos sectores productivos bajo régimen de cambio flotanteinfo:eu-repo/semantics/articlearticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Acceso abiertohttp://purl.org/coar/access_right/c_abf2Mora Mora, José Ustorgioa7cc6491-12c0-4bb0-8c0d-ec765f7e281b-1Instituto de Investigaciones Económicas y Sociales. Universidad de Los Andes, VenezuelaEcos de Economía: A Latin American Journal of Applied Economics17362142ecos.econ.ORIGINALarticulo.htmlarticulo.htmlTexto completo HTMLtext/html371https://repository.eafit.edu.co/bitstreams/736930d8-3225-4f17-9b31-37096c124717/downloadd1aced5e2b545d1b04846730b45d1b56MD51document - 2020-03-09T212246.738.pdfdocument - 2020-03-09T212246.738.pdfTexto completo PDFapplication/pdf1233052https://repository.eafit.edu.co/bitstreams/996bd54e-7a67-4b24-b292-93b0561f053c/download2d675ea402a05ced54963560af1d30d3MD52THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/1236b8cf-8c0e-4f60-b442-962bb7283346/download9b15d674b076c1793a0bc25cebb1bcefMD5310784/7833oai:repository.eafit.edu.co:10784/78332024-12-04 11:50:08.694open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |