- Title Pages
- Title Pages
- Acknowledgments
- Preface
-
Chapter 1 An Introduction to Roberto Frenkel’s Contributions to the Economic Ideas in Latin America -
Chapter 2 Markups Under Uncertainty -
Chapter 3 Financial Fragility, Price Indexes, and Investment Financing -
Chapter 4 Uncertainty in Structural and Institutional Parameters and the Cost of Policy Mistakes -
Chapter 5 Monetary Policy and External Shocks in a Semidollarized Economy -
Chapter 6 The Chilean Economy Since the Global Crisis -
Chapter 7 Disequilibria and Risk Premia -
Chapter 8 Labor Market and Income Distribution in Latin America in Times of Economic Growth -
Chapter 9 Accounting for the Rise and Fall of Brazil’s Growth After World War II -
Chapter 10 Balance-of-Payments Dominance -
Chapter 11 The Real Exchange Rate, the Real Wage, and Growth -
Chapter 12 The Real Exchange Rate and Economic Growth -
Chapter 13 Capitalism and Financial Crises -
Chapter 14 Financial Crises, Institutions, and the Macroeconomy -
Chapter 15 United States Size Distribution and the Macroeconomy 1986–2009 -
Chapter 16 Sovereign Credit Risk in Latin America and Global Common Factors -
Chapter 17 Cognitive Dissonance -
Chapter 18 New Developmentalism as a Weberian Ideal Type - Contributors
- Index
Monetary Policy and External Shocks in a Semidollarized Economy
Monetary Policy and External Shocks in a Semidollarized Economy
- Chapter:
- (p.83) Chapter 5 Monetary Policy and External Shocks in a Semidollarized Economy
- Source:
- Macroeconomics and Development
- Author(s):
Oscar Dancourt
- Publisher:
- Columbia University Press
the chapter discusses the adequate monetary policy response to management of external shocks that deteriorate the balance of payments and contracts aggregate demand. To this end the author develops an IS-LM-BP type of model adapted to the financial conditions of Peru, where the banking system operates in both domestic and foreign currency.
Keywords: IS-LM-BP model, external shock, monetary policy, inflation targeting, sterilized intervention, Peruvian economy
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- Title Pages
- Title Pages
- Acknowledgments
- Preface
-
Chapter 1 An Introduction to Roberto Frenkel’s Contributions to the Economic Ideas in Latin America -
Chapter 2 Markups Under Uncertainty -
Chapter 3 Financial Fragility, Price Indexes, and Investment Financing -
Chapter 4 Uncertainty in Structural and Institutional Parameters and the Cost of Policy Mistakes -
Chapter 5 Monetary Policy and External Shocks in a Semidollarized Economy -
Chapter 6 The Chilean Economy Since the Global Crisis -
Chapter 7 Disequilibria and Risk Premia -
Chapter 8 Labor Market and Income Distribution in Latin America in Times of Economic Growth -
Chapter 9 Accounting for the Rise and Fall of Brazil’s Growth After World War II -
Chapter 10 Balance-of-Payments Dominance -
Chapter 11 The Real Exchange Rate, the Real Wage, and Growth -
Chapter 12 The Real Exchange Rate and Economic Growth -
Chapter 13 Capitalism and Financial Crises -
Chapter 14 Financial Crises, Institutions, and the Macroeconomy -
Chapter 15 United States Size Distribution and the Macroeconomy 1986–2009 -
Chapter 16 Sovereign Credit Risk in Latin America and Global Common Factors -
Chapter 17 Cognitive Dissonance -
Chapter 18 New Developmentalism as a Weberian Ideal Type - Contributors
- Index
