El nivel de precios, la política monetaria y la regla de Taylor en una economía IS/LM de precios flexibles

Eddy Lizarazu Alanez ()
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Eddy Lizarazu Alanez: Profesor e Investigador, Departamento de Economía de la UAM-Iztapalapa,

Revista Nicolaita de Estudios Económicos, 2013, vol. VIII, issue 2, 7-34

Abstract: We study a flexible price IS/LM economy in which the money supply and interest rate play the role of monetary policy instruments. If the central bank sets the nominal interest rate, the ambiguity in the price level is manifested. However, the equilibrium price level is permissible, if the central bank outlines a monetary rule for the interest rate. The existence of an inflation target by the central contributes to qualify the price level.

Keywords: IS-LM model; monetary policy; price level; rational expectations; Taylor rule. (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:0077

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