Jump to ContentJump to Main Navigation
Macroeconomics and DevelopmentRoberto Frenkel and the Economics of Latin America$
Users without a subscription are not able to see the full content.

Mario Damill, Martín Rapetti, and Guillermo Rozenwurcel

Print publication date: 2016

Print ISBN-13: 9780231175081

Published to Columbia Scholarship Online: September 2016

DOI: 10.7312/columbia/9780231175081.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 04 July 2022

Monetary Policy and External Shocks in a Semidollarized Economy

Monetary Policy and External Shocks in a Semidollarized Economy

(p.83) Chapter 5 Monetary Policy and External Shocks in a Semidollarized Economy
Macroeconomics and Development

Oscar Dancourt

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

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .