La posición monetaria neta
- Autores
- Olivera, Julio H. G.
- Año de publicación
- 1968
- Idioma
- español castellano
- Tipo de recurso
- artículo
- Estado
- versión publicada
- Descripción
- The present work examines the influence of the net monetary position, defined as the money supply minus the net indebtedness of the private sector. It is shown that the measures of monetary policy, by contrast with those of fiscal policy, do not alter the net monetary position. It is demonstrated also that an increase in the net monetary position, given the money supply, acts upon the price level in the same direction, whilst affecting the interest rate in the opposite direction, as compared with an increase in the money supply, given the net monetary position. In neither case the Quantity Theory holds true. Finally, the case of passive money is analysed.
Instituto de Investigaciones Económicas - Materia
-
Ciencias Económicas
política monetaria
sistema monetario internacional
economía monetaria - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-nd/3.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/8961
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La posición monetaria netaOlivera, Julio H. G.Ciencias Económicaspolítica monetariasistema monetario internacionaleconomía monetariaThe present work examines the influence of the net monetary position, defined as the money supply minus the net indebtedness of the private sector. It is shown that the measures of monetary policy, by contrast with those of fiscal policy, do not alter the net monetary position. It is demonstrated also that an increase in the net monetary position, given the money supply, acts upon the price level in the same direction, whilst affecting the interest rate in the opposite direction, as compared with an increase in the money supply, given the net monetary position. In neither case the Quantity Theory holds true. Finally, the case of passive money is analysed.Instituto de Investigaciones Económicas1968-08info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticulohttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdf7-20http://sedici.unlp.edu.ar/handle/10915/8961spainfo:eu-repo/semantics/altIdentifier/issn/1852-1649info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-nd/3.0/Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T10:23:20Zoai:sedici.unlp.edu.ar:10915/8961Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 10:23:21.158SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
La posición monetaria neta |
| title |
La posición monetaria neta |
| spellingShingle |
La posición monetaria neta Olivera, Julio H. G. Ciencias Económicas política monetaria sistema monetario internacional economía monetaria |
| title_short |
La posición monetaria neta |
| title_full |
La posición monetaria neta |
| title_fullStr |
La posición monetaria neta |
| title_full_unstemmed |
La posición monetaria neta |
| title_sort |
La posición monetaria neta |
| dc.creator.none.fl_str_mv |
Olivera, Julio H. G. |
| author |
Olivera, Julio H. G. |
| author_facet |
Olivera, Julio H. G. |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas política monetaria sistema monetario internacional economía monetaria |
| topic |
Ciencias Económicas política monetaria sistema monetario internacional economía monetaria |
| dc.description.none.fl_txt_mv |
The present work examines the influence of the net monetary position, defined as the money supply minus the net indebtedness of the private sector. It is shown that the measures of monetary policy, by contrast with those of fiscal policy, do not alter the net monetary position. It is demonstrated also that an increase in the net monetary position, given the money supply, acts upon the price level in the same direction, whilst affecting the interest rate in the opposite direction, as compared with an increase in the money supply, given the net monetary position. In neither case the Quantity Theory holds true. Finally, the case of passive money is analysed. Instituto de Investigaciones Económicas |
| description |
The present work examines the influence of the net monetary position, defined as the money supply minus the net indebtedness of the private sector. It is shown that the measures of monetary policy, by contrast with those of fiscal policy, do not alter the net monetary position. It is demonstrated also that an increase in the net monetary position, given the money supply, acts upon the price level in the same direction, whilst affecting the interest rate in the opposite direction, as compared with an increase in the money supply, given the net monetary position. In neither case the Quantity Theory holds true. Finally, the case of passive money is analysed. |
| publishDate |
1968 |
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1968-08 |
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