Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices

Autores
Rubio, Mateo L.
Año de publicación
2025
Idioma
inglés
Tipo de recurso
tesis de grado
Estado
versión publicada
Colaborador/a o director/a de tesis
Neder, Ángel Enrique
Descripción
Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Argentina’s recent monetary policy has been in the spotlight for its role in bringing down inflation from exceptional levels. These developments have been associated with a gradual, sustained deceleration in the inflation rate, challenging the view of an immediate response from prices to monetary policy innovations. This paper tries to elucidate whether this phenomenon might be caused by “long and variable lags” in monetary policyand analyze some of its implications in the rules v. discretion discussion and the time inconsistency problem. I try to shed light on the transmission mechanisms of monetary policy to the economy in Argentina by analyzing how monetary policy shocks affect different components of the Consumer Price Index (CPI) using Local Projections (LPs).
2027-08-28
Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Materia
Monetary policy
Inflation dynamics
Local projections
Shock identification
Política monetaria
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/560073
Acceder
id RDUUNC_8e1c9fc48b5c8d763c01cbf83d87bd41
oai_identifier_str oai:rdu.unc.edu.ar:11086/560073
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indicesRubio, Mateo L.Monetary policyInflation dynamicsLocal projectionsShock identificationPolítica monetariahttps://purl.org/becyt/ford/5.2Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Argentina’s recent monetary policy has been in the spotlight for its role in bringing down inflation from exceptional levels. These developments have been associated with a gradual, sustained deceleration in the inflation rate, challenging the view of an immediate response from prices to monetary policy innovations. This paper tries to elucidate whether this phenomenon might be caused by “long and variable lags” in monetary policyand analyze some of its implications in the rules v. discretion discussion and the time inconsistency problem. I try to shed light on the transmission mechanisms of monetary policy to the economy in Argentina by analyzing how monetary policy shocks affect different components of the Consumer Price Index (CPI) using Local Projections (LPs).2027-08-28Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Neder, Ángel Enrique2025-08info:eu-repo/semantics/bachelorThesisinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_7a1finfo:ar-repo/semantics/tesisDeGradoapplication/pdfhttp://hdl.handle.net/11086/560073enginfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2026-02-26T11:45:41Zoai:rdu.unc.edu.ar:11086/560073Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722026-02-26 11:45:42.386Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
title Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
spellingShingle Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
Rubio, Mateo L.
Monetary policy
Inflation dynamics
Local projections
Shock identification
Política monetaria
title_short Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
title_full Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
title_fullStr Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
title_full_unstemmed Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
title_sort Long and variable lags in Argentina’s monetary policy: evidence from disaggregated price indices
dc.creator.none.fl_str_mv Rubio, Mateo L.
author Rubio, Mateo L.
author_facet Rubio, Mateo L.
author_role author
dc.contributor.none.fl_str_mv Neder, Ángel Enrique
dc.subject.none.fl_str_mv Monetary policy
Inflation dynamics
Local projections
Shock identification
Política monetaria
topic Monetary policy
Inflation dynamics
Local projections
Shock identification
Política monetaria
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
dc.description.none.fl_txt_mv Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Argentina’s recent monetary policy has been in the spotlight for its role in bringing down inflation from exceptional levels. These developments have been associated with a gradual, sustained deceleration in the inflation rate, challenging the view of an immediate response from prices to monetary policy innovations. This paper tries to elucidate whether this phenomenon might be caused by “long and variable lags” in monetary policyand analyze some of its implications in the rules v. discretion discussion and the time inconsistency problem. I try to shed light on the transmission mechanisms of monetary policy to the economy in Argentina by analyzing how monetary policy shocks affect different components of the Consumer Price Index (CPI) using Local Projections (LPs).
2027-08-28
Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
description Fil: Rubio, Mateo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
publishDate 2025
dc.date.none.fl_str_mv 2025-08
dc.type.none.fl_str_mv info:eu-repo/semantics/bachelorThesis
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_7a1f
info:ar-repo/semantics/tesisDeGrado
format bachelorThesis
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11086/560073
url http://hdl.handle.net/11086/560073
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Digital Universitario (UNC)
instname:Universidad Nacional de Córdoba
instacron:UNC
reponame_str Repositorio Digital Universitario (UNC)
collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
instacron_str UNC
institution UNC
repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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score 13.176822

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