Elementos de teoría y política macroeconómica para una economía abierta. Tercera parte: Capítulo 11

Félix Jiménez

No 2010-298, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú

Abstract: The third part, which consists of four chapters, presents the Mundell-Fleming model; the model of aggregate supply and demand; expectations and contracts as determinants of aggregate supply; the Phillips curve, and the model incorporating the Monetary Policy Reaction Function. This chapter studies the inverse relationship between the rate of inflation and the rate of unemployment well-known as the Phillips Curve. Then, it analyses the short-term equilibrium between inflation, output and unemployment; and by including the Monetary Policy Rule (or Taylor rule) into the IS curve, the chapter describes the meaning of the reaction function of the monetary policy. Finally, it studies the equilibrium, starting from simultaneous analysis of the Phillips Curve and this reaction function.

Keywords: teoría política; labor del mercado. (search for similar items in EconPapers)
Pages: 57 pages
Date: 2010
References: Add references at CitEc
Citations:

Published

Downloads: (external link)
http://files.pucp.edu.pe/departamento/economia/DDD298.pdf (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:pcp:pucwps:wp00298

Access Statistics for this paper

More papers in Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú Av. Universitaria 1801, San Miguel, Lima, Perú. Contact information at EDIRC.
Bibliographic data for series maintained by ().