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Recursos bibliográficos en papel y digitales - - libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
81 registros
Registro 1 de 81 |
Autor: |
Hertrich, Mark |
Título: |
The distribution of exchange rates under a minimum exchange rate regime |
Fuente: |
Journal of Applied Economics. v.19, n.2. Universidad del CEMA |
Páginas: |
pp. 351-362 |
Año: |
Nov. 2016 |
Resumen: |
This paper adjusts the Chen and Giovannini (1992) me t h o d o l o g y to estimate the unconditional distribution of exchange rates under a one-sided target zone regime, where a central bank commits itself to intervene on foreign exchange markets to prevent its currency to move beyond a previously announced target level vis-à-vis a specific foreign currency. An application of this methodology to the 2011-2015 EUR/CHF minimum exchange rate regime shows that the Swiss National Bank presumably intervened only at (or very close to) the floor level of EUR/CHF 1.20 and not at a level significantly above that boundary. Hence, contrary to previous studies, the reported results accord with the predictions of the Krugman (1991) target zone model about the behavior of exchange rates, allowing investors to gain insights about the central bank’s policy function in extraordinary monetary situations and with important consequences for the descriptive validity of theoretical one-sided target zone models. |
Palabras clave: |
TIPO DE CAMBIO |
BANCOS CENTRALES |
EUROS |
FRANCOS SUIZOS | |
Solicitar por: |
HEMEROTECA J + datos de Fuente |
Registro 2 de 81 |
Autor: |
Haga, Mercedes |
Título: |
On central bank independence and political cycles |
Fuente: |
Journal of Applied Economics. v.18, n.2. Universidad del CEMA |
Páginas: |
pp. 267-295 |
Año: |
Nov. 2015 |
Resumen: |
Using a large panel data set, I find that political budget cycles are significantly smaller in countries with de facto central bank independence (CBI). To explain this result and its consequences in the economy, I develop an extended New Keynesian model that incorporates a political economy model of career concerns. I find that CBI mitigates the incumbent’s fiscal decisions. Intuitively, since increases in the interest rate have a negative effect on the reelection probability due to consumption postponement, this discourages expansionary fiscal policies. |
Alcance temporal: |
1970-2007 |
Palabras clave: |
BANCOS CENTRALES |
POLITICA FINANCIERA |
CICLOS ECONOMICOS |
ANALISIS ECONOMICO |
POLITICA MONETARIA |
TEORIA KEYNESIANA |
INSTITUCIONES FINANCIERAS |
POLITICA FISCAL |
MERCADO FINANCIERO |
CICLOS ECONOMICOS |
ADMINISTRACION PUBLICA |
|
Solicitar por: |
HEMEROTECA J + datos de Fuente |
Registro 3 de 81 |
Autor: |
Guberman, Carlos - Cymbler, David Ezequiel |
Título: |
Modelo de ciclo de negocios real con dinero endógeno y política monetaria pasiva |
Fuente: |
Ciencias Económicas. año 12, v.1. Universidad Nacional del Litoral. Facultad de Ciencias Económicas |
Páginas: |
pp. 11-23 |
Año: |
ene.-jun. 2015 |
Resumen: |
Construimos un modelo de ciclo de negocios real con dinero endógeno y política monetaria pasiva, que muestra algunas particularidades en cuanto a la dinámica de las tasas de interés y los mercados de crédito. Encontramos que el modelo es estable, aspecto que consideramos ausente en la literatura relacionada con la política monetaria pasiva. Creemos que este trabajo puede ser un buen punto de partida para el análisis de lo sucedido antes, durante y después de la crisis financiera internacional que comenzó en el mercado de crédito colateralizado. |
Palabras clave: |
NEGOCIOS |
POLITICA MONETARIA |
MONEDA |
CREDITO |
MERCADO FINANCIERO |
ASPECTOS FINANCIEROS |
BANCOS CENTRALES |
BANCOS |
SISTEMA FINANCIERO |
MODELOS |
EQUILIBRIO ECONOMICO |
FINANCIAMIENTO |
|
Solicitar por: |
HEMEROTECA C + datos de Fuente |
Registro 5 de 81 |
Autor: |
Alfaro Ureña, Alonso - Monge Badilla, Carlos |
Título: |
Expectativas de inflación en Costa Rica |
Fuente: |
Ciencias Económicas. v.32, n.1. Universidad de Costa Rica. Instituto de Investigaciones en Ciencias Económicas |
Páginas: |
pp. 85-116 |
Año: |
ene.-jun. 2014 |
Resumen: |
The Banco Central de Costa Rica (BCCR) is currently transitioning to an Inflation Targeting (IT) regime. In such context, it is relevant for the monetary authority to characterize in the most complete way possible the inflation expectations of the population, both in the particular elements of the forecasts and in the processes by which agents take information into account for their individual predictions. This paper documents the analysis of the inflation expectations data contained in the Monthly Survey of Inflation and Exchange Rate Expectations. We test several hypotheses such as rational and adaptive expectations. The results show significant biases in those expectations, while there is also a lack of learning from past errors by the agents surveyed. |
Palabras clave: |
METAS DE INFLACION |
BANCOS CENTRALES |
INFLACION |
|
Solicitar por: |
HEMEROTECA C + datos de Fuente |
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