Implementation of Monetary Policy and its Influence on the Output

Ricardo Álvarez Torres (), María Irma Manrique Campos () and Alejandra Fernández Hernández ()
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Ricardo Álvarez Torres: Economic Research Institute of the National Autonomous University of Mexico (UNAM)
María Irma Manrique Campos: Economic Research Institute of the National Autonomous University of Mexico (UNAM)
Alejandra Fernández Hernández: Universidad Politécnica del Estado de Morelos (UPEMOR)

No 2704737, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The output plays one of the main roles in both theoretical: orthodox and heterodox framework. In Mexico, where was embrace, and it is still ruling, an Inflation Targeting policy, it says that the output gap determines the inflation level, hence it symbolize worthy role of the application policy. Besides the fact that, in the heterodox framework, where the aggregate demand determines the output, it in turn, affect the level of employment, etc. This paper portrays, though statistics analysis, how monetary policy affects the output in Mexican case, also to provide a contrast of the role of product into the orthodox and heterodox framework.

Keywords: Monetary Policy; Output; Mexico (search for similar items in EconPapers)
JEL-codes: E52 E58 O42 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2015-09
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Published in Proceedings of the Proceedings of the 18th International Academic Conference, London, Sep 2015, pages 65-75

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:2704737

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