Limitações teóricas da literatura convencional sobre impactos regionais de política monetária
Fernanda Faria Silva,
Marco Crocco () and
Carlos Javier Rodríguez-Fuentes
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Fernanda Faria Silva: Cedeplar-UFMG
Carlos Javier Rodríguez-Fuentes: Universidad de La Laguna – Spain
Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
The aim of this paper is to analyze the theoretical limitations of the mainstream’s Works related to the regional impacts of monetary policy. After a general presentation of the conventional framework, followed by the typology proposed in Dow & Rodríguez-Fuentes (1997), we present our arguments based on the Post-Keynesian theory against the traditional approach. In our view, the Post-Keynesian framework is the most appropriate for analyzing this type of dynamics. Its theoretical elements have the best explanation for the dynamics of the monetary policy at a regional level, once they take into account the role played by uncertainty and liquidity preference of economic agents and institutions, which are essential for the understanding the regional economics in a "center – periphery” context.
Keywords: regional monetary policy; liquidity preference; Post-Keynesian theory. (search for similar items in EconPapers)
JEL-codes: B59 E51 E52 E59 O23 (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-geo and nep-hpe
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