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Modelo de ciclo de negocios real con dinero endógeno y pasivo

Guberman, Carlos and Cymbler, David (2014): Modelo de ciclo de negocios real con dinero endógeno y pasivo.

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Abstract

We built a real business cycle model with inside money and passive monetary policy that shows some interesting features regarding interest rate dynamics and credit market behavior. We find that the model is stable, a feature that was difficult to find in the literature on passive money. We think this would be a good starting point to analyze monetary policy before and after the international financial crisis that started at the market for secured loans.

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