The competitive real exchange-rate regime, inflation and monetary policy

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(96/2008)
cepal.docTypeRevistas
cepal.idSade35761
cepal.physicalDescriptiongráficos., tablas.
cepal.topicEngVALUE CHAINS
cepal.topicEngINNOVATION AND EXPORT DIVERSIFICATION
cepal.topicEngINFLATION
cepal.topicEngMACROECONOMICS
cepal.topicSpaCADENAS DE VALOR
cepal.topicSpaINNOVACIÓN Y DIVERSIFICACIÓN EXPORTADORA
cepal.topicSpaINFLACIÓN
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorFrenkel, Roberto
dc.date.accessioned2014-01-02T18:44:49Z
dc.date.available2014-01-02T18:44:49Z
dc.date.issued2008-12
dc.descriptionIncludes bibliography
dc.description.abstractThis article argues that in a stable and competitive real exchangerate(SCRER); macroeconomic regime, the exchange-rate component candrive up inflation through the very mechanisms that stimulate high rates ofgross domestic product and employment growth; to offset this pressure,fiscal and monetary policies will have to be used to control aggregatedemand. It finds that in an exchange-rate regime of this type, monetarypolicy has a degree of autonomy that can be exploited to apply activemonetary policies. It analyses the degree to which monetary policy canbe used to control aggregate demand and concludes that it cannot bearthe main responsibility for this, which means that fiscal policy ought to bethe main instrument for controlling aggregate demand.
dc.formatTexto
dc.format.extentpáginas. 191-201
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2396-P
dc.identifier.urihttps://hdl.handle.net/11362/11346
dc.language.isoeng
dc.physicalDescriptiongrafs., tabls.
dc.physicalDescriptionp. 191-201
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo96
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngCOMPETITIVENESS
dc.subject.unbisEngSUPPLY AND DEMAND
dc.subject.unbisEngINFLATION
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngVALUE CHAINS
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaCOMPETITIVIDAD
dc.subject.unbisSpaOFERTA Y DEMANDA
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaCADENAS DE VALOR
dc.titleThe competitive real exchange-rate regime, inflation and monetary policy
dc.type.coarrevista
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