Convergencia al estado estacionario, flexibilidad de precios y reglas monetarias en un modelo SN de expectativas de inflación

Eddy Lizarazu Alanez ()
Additional contact information
Eddy Lizarazu Alanez: Profesor e Investigador, Departamento de Economía, Universidad Autónoma Metropolitana, Iztapalapa, México, D.F.

Revista Nicolaita de Estudios Económicos, 2014, vol. IX, issue 1, 7-46

Abstract: We study the question of convergence to steady state in a continuous time deterministic model SN (neoclassical synthesis). The review is based on a scheme of perfect foresight for the expected inflation rate. The analysis allows us to draw two conclusions. First, the flexibility of prices is not guarantee for convergence. Secondly, if the equilibrium is stable, then a well-designed monetary rule contributes to the process of convergence. The monetary policy should seek well-defined targets, otherwise it is unsuccessful.

Keywords: Convergence; neoclassical synthesis; monetary rules; price flexibility; stability. (search for similar items in EconPapers)
JEL-codes: E12 E31 E32 (search for similar items in EconPapers)
Date: 2014
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:0081

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 ).