El rol de las expectativas para la eficacia de las políticas de demanda

José D. Liquitaya Briceño ()
Additional contact information
José D. Liquitaya Briceño: Profesor - Investigador del Área de Teoría Económica y jefe del C.A. “Modelos Macroeconómicos”, Departameto de Economía, UAM - Iztapalapa

Revista Nicolaita de Estudios Económicos, 2010, vol. V, issue 1, 47-67

Abstract: In this paper, we revise the diverse processes of agent’s expectations formation and their relationship with the economic policy effectiveness. We center our attention in the aggregate supply, particularly in the well-known relationship as Phillips curve, but we also address to the aggregate demand, due to its rule that carries out in the product and prices determination in the Keynesian system. In the first two sections we examine the explicit or implicit types of expectations incorporated in the Keynesian traditional analysis and their consequences for the economic policy;then we examine the monetarist perspective concerning the process of expectations formation and its relevance not only for the critics to the Keynesian system, but also for the demand administration policy effectiveness. Finally, we refer to the rational expectations hypothesis and its implications regarding the economic policy relevancy in the short term.

Keywords: inflation expectations; unemployment; economic policy (search for similar items in EconPapers)
JEL-codes: E24 E31 E63 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://rnee.umich.mx Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:0050

Access Statistics for this article

Revista Nicolaita de Estudios Económicos is currently edited by Mario Gomez Aguirre

More articles in Revista Nicolaita de Estudios Económicos from Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales Contact information at EDIRC.
Bibliographic data for series maintained by Plinio Hernández Barriga ( this e-mail address is bad, please contact ).