Economics at your fingertips  

Monetary policy and asymmetries in the Argentine business cycle

Danilo Trupkin ()

Revista de Economía Política de Buenos Aires, 2016, issue 15, 99-122

Abstract: This paper studies the asymmetries that are claimed to arise as a response to monetary policy shocks in Argentina. We build a regime-switching specification in order to investigate time variation in the response of the transitory component of output to monetary shocks. The results suggest time variation in the coefficients that describe the response of output, which can be well explained by the phase of the cycle. We also find support to Friedman’s “plucking” view of economic fluctuations, while other two features of the shocks (direction and size of the monetary policy) explain strongly the business cycle of Argentina.

Keywords: Asymmetries; Business Cycles; Monetary Policy; Regime-Switching (search for similar items in EconPapers)
JEL-codes: C32 E32 E52 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (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:

Access Statistics for this article

Revista de Economía Política de Buenos Aires is currently edited by Adrian H. Ramos

More articles in Revista de Economía Política de Buenos Aires from Universidad de Buenos Aires. Facultad de Ciencias Económicas. Contact information at EDIRC.
Bibliographic data for series maintained by Carolina Conde ().

Page updated 2021-02-05
Handle: RePEc:ake:repba1:y:2016:i:15:p:99-122