Recent monetary policy: some theoretical aspects
Carregando...
Arquivos
Data
2005-11-24
Autores
Orientador(res)
Métricas
Título da Revista
ISSN da Revista
Título de Volume
Resumo
This research aims to present an overview of the present practices of monetary policy, known as simple monetary rules and inflation targeting. It will discuss the historical context in which this framework first appeared., and its implication specially that the monetary supply is endogenous.. The endogenerty hypothesis is the same one that some economists like Kaldor, Minsky, Davidson et al, had already made, but contrasting with these authors, the new doctrine makes the extreme assumption that although monetary policy is effective in the short run it is neutral in the long run. This hypothesis as well as its policy implications may be subject to several criticism which will be developped along this work.