NEDER ÁNGEL ENRIQUE
Congresos y reuniones científicas
Título:
Rule, what rule? Argentina and its monetary policy rule.
Lugar:
La Plata - Buenos Aires
Reunión:
Congreso; LIII Reunión Anual de la Asociación Argentina de Economía Política; 2018
Institución organizadora:
Facultad de Ciencias Económicas, Universidad Nacional de La Plata
Resumen:
The choice of a control variable for monetary policy characterizes the welfare (loss) function that a central bank will want to maximize (minimize). Even, it gives rise to the proposal of following a rule versus applying -in a discretionally way- a monetary policy.When discussing the application of a rule, its manifestation may not be completely explicit.In this paper we try to establish a monetary policy rule for Argentina, working with an extended Taylor Rule, contemplating the influence of the exchange rate and the fiscal deficit during the last thirteen years.