Modelo de ciclo de negocios real con dinero endógeno y pasivo

A real business cycle model with endogenous and passive money

Carlos Guberman and David Cymbler

MPRA Paper from University Library of Munich, Germany

Abstract: We built a real business cycle model with inside money and passive monetary policy that shows some interesting features regarding interest rate dynamics and credit market behavior. We find that the model is stable, a feature that was difficult to find in the literature on passive money. We think this would be a good starting point to analyze monetary policy before and after the international financial crisis that started at the market for secured loans.

Keywords: Passive money; endogenous money; monetary policy; collateral constraint (search for similar items in EconPapers)
JEL-codes: E10 E42 E43 E44 E52 (search for similar items in EconPapers)
Date: 2014-07
New Economics Papers: this item is included in nep-dge and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57183

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