The lamaness of monetary policyn
This article criticizes the way in which the Board of Directors ofthe Banco de la República conceive the 'monetary rule'. By trying to faithfully follow the most orthodox postulates of the 'rule', the Board of Directors has not been con cerned with studying the way in which monet...
- Autores:
-
González, Jorge Iván
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 1997
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/48132
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/48132
http://bdigital.unal.edu.co/41491/
- Palabra clave:
- Política monetaria
postulados ortodoxos
variables
Tobin
mecanismos de trasmisión
productividad del capital
tasa de interés
inflación
rentabilidad
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | This article criticizes the way in which the Board of Directors ofthe Banco de la República conceive the 'monetary rule'. By trying to faithfully follow the most orthodox postulates of the 'rule', the Board of Directors has not been con cerned with studying the way in which monetary policy affects real variables. The monetary authority has not incorporated measures, such as Tobin's q, which would allow it to understand how the transmission mechanisms of monetary policy interact. |
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