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Cantidad y calidad del crecimiento económico
La mayoría de los estudios que comparan el crecimiento económico entre países se centra en variables económicas en un sentido estrecho. Este estudio pone el énfasis en algunas dimensiones cualitativas del desarrollo económico, tales como la salud, la fertilidad, la distribución del ingreso, las ...
Leverage restrictions in a business cycle model
We seek to develop a business cycle model with a financial sector which can be used to study the consequences of policies to restrict the leverage of financial institutions (banks). Because we wish the model to be consistent with basic features of business cycle data we introduce our banking system ...
Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
Many central banks have adopted a formal inflation-targeting framework based on the belief and the theoretical predictions that an explicit and clearly communicated numerical objective for the level of inflation over a specified period would, in itself, be a strong communication device that would help ...