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
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/165413

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spelling 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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info:eu-repo/semantics/altIdentifier/issn/1852-0022
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