EL MULTIPLICADOR MONETARIO EN EL CICLO ECONÓMICO DE LA ARGENTINA

Danilo Trupkin, María Cecilia Gómez (), Carlos Marcelo Belloni () and Matias Nicolás Ustares ()
Additional contact information
María Cecilia Gómez: Universidad de Buenos Aires.
Carlos Marcelo Belloni: Universidad de Buenos Aires.
Matias Nicolás Ustares: Universidad de Buenos Aires.

Revista de Economía Política de Buenos Aires, 2017, issue 16, 127-157

Abstract: The procyclical character of monetary aggregates is a fact that has been explained by the presence of the endogenous monetary multiplier. From this perspective, the part of the aggregates that corresponds to the bank deposits is the one that correlates positively with the level of activity. In this paper we analyze the stylized facts that enable the presence of the endogenous multiplier using a dynamic and stochastic general equilibrium model (DSGE), calibrated for the Argentine economy. According to the results, this multiplier presents special characteristics in a wide volatility economy as Argentina's.

Keywords: monetary multiplier; endogenous money; DSGE; Argentina (search for similar items in EconPapers)
JEL-codes: E30 E51 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ojs.econ.uba.ar/index.php/REPBA/article/view/1318/1973 (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:ake:repba1:y:2017:i:16:p:127-157

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 IIEP UBA-CONICET ().