Rule, what rule? : Argentina and its monetary policy rule
- Autores
- Neder, Ángel Enrique; Farías, Juan Martín
- Año de publicación
- 2018
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- 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.
La elección de una variable de control para la política monetaria caracteriza a la función de bienestar (pérdida) que un banco central desea maximizar (minimizar). Inclusive, da lugar a la propuesta de seguir una regla vs. aplicar -de manera discrecional- una política monetaria. Cuando se discute la aplicación de una regla, su manifestación puede que no sea completamente explícita. En este trabajo tratamos de establecer una regla de política monetaria para Argentina, operando con una Regla de Taylor ampliada, que tiene en cuenta la influencia del tipo de cambio y del déficit fiscal para los últimos trece años.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
rule
fiscal deficit
real exchange rate
interest rate - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/165413
Ver los metadatos del registro completo
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Rule, what rule? : Argentina and its monetary policy ruleNeder, Ángel EnriqueFarías, Juan MartínCiencias Económicasrulefiscal deficitreal exchange rateinterest rateThe 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.La elección de una variable de control para la política monetaria caracteriza a la función de bienestar (pérdida) que un banco central desea maximizar (minimizar). Inclusive, da lugar a la propuesta de seguir una regla vs. aplicar -de manera discrecional- una política monetaria. Cuando se discute la aplicación de una regla, su manifestación puede que no sea completamente explícita. En este trabajo tratamos de establecer una regla de política monetaria para Argentina, operando con una Regla de Taylor ampliada, que tiene en cuenta la influencia del tipo de cambio y del déficit fiscal para los últimos trece años.Facultad de Ciencias Económicas2018-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/165413enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-6-0info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2018/neder.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:30Zoai:sedici.unlp.edu.ar:10915/165413Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:31.167SEDICI (UNLP) - Universidad Nacional de La Platafalse |
dc.title.none.fl_str_mv |
Rule, what rule? : Argentina and its monetary policy rule |
title |
Rule, what rule? : Argentina and its monetary policy rule |
spellingShingle |
Rule, what rule? : Argentina and its monetary policy rule Neder, Ángel Enrique Ciencias Económicas rule fiscal deficit real exchange rate interest rate |
title_short |
Rule, what rule? : Argentina and its monetary policy rule |
title_full |
Rule, what rule? : Argentina and its monetary policy rule |
title_fullStr |
Rule, what rule? : Argentina and its monetary policy rule |
title_full_unstemmed |
Rule, what rule? : Argentina and its monetary policy rule |
title_sort |
Rule, what rule? : Argentina and its monetary policy rule |
dc.creator.none.fl_str_mv |
Neder, Ángel Enrique Farías, Juan Martín |
author |
Neder, Ángel Enrique |
author_facet |
Neder, Ángel Enrique Farías, Juan Martín |
author_role |
author |
author2 |
Farías, Juan Martín |
author2_role |
author |
dc.subject.none.fl_str_mv |
Ciencias Económicas rule fiscal deficit real exchange rate interest rate |
topic |
Ciencias Económicas rule fiscal deficit real exchange rate interest rate |
dc.description.none.fl_txt_mv |
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. La elección de una variable de control para la política monetaria caracteriza a la función de bienestar (pérdida) que un banco central desea maximizar (minimizar). Inclusive, da lugar a la propuesta de seguir una regla vs. aplicar -de manera discrecional- una política monetaria. Cuando se discute la aplicación de una regla, su manifestación puede que no sea completamente explícita. En este trabajo tratamos de establecer una regla de política monetaria para Argentina, operando con una Regla de Taylor ampliada, que tiene en cuenta la influencia del tipo de cambio y del déficit fiscal para los últimos trece años. Facultad de Ciencias Económicas |
description |
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. |
publishDate |
2018 |
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2018-11 |
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info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
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http://sedici.unlp.edu.ar/handle/10915/165413 |
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eng |
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eng |
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