¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria
This document analyzes the indirect effect between aggregate consumption and the design of monetary policy under the basic New Keynesian approach in a small closed economy. Assuming heterogeneous agents, it is observed that the impact of the interest rate on consumption is greater than considering a...
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| Format: | Article |
| Language: | English |
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Universidad de San Martín de Porres
2020-01-01
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| Series: | Revista de Análisis Económico y Financiero |
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| Online Access: | http://contabilidadyeconomiausmp.edu.pe/OJS2020/index.php/RAEF/article/view/18 |
| _version_ | 1818115877367709696 |
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| author | Renzo Vidal Caycho |
| author_facet | Renzo Vidal Caycho |
| author_sort | Renzo Vidal Caycho |
| collection | DOAJ |
| description | This document analyzes the indirect effect between aggregate consumption and the design of monetary policy under the basic New Keynesian approach in a small closed economy. Assuming heterogeneous agents, it is observed that the impact of the interest rate on consumption is greater than considering a representative agent model according to Kaplan, Moll and Violante (2018). Thus, the research work shows that if the government generates a monetary policy that stimulates the economy, its impact is greater in those families that have a diversified portfolio whose wealth is divided between salaries and financial assets, than in those that only have labor income, widening the inequality gap
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| first_indexed | 2024-12-11T04:13:36Z |
| format | Article |
| id | doaj.art-75119f82b974433c9b88a5773764eb37 |
| institution | Directory Open Access Journal |
| issn | 2617-9989 2663-8908 |
| language | English |
| last_indexed | 2024-12-11T04:13:36Z |
| publishDate | 2020-01-01 |
| publisher | Universidad de San Martín de Porres |
| record_format | Article |
| series | Revista de Análisis Económico y Financiero |
| spelling | doaj.art-75119f82b974433c9b88a5773764eb372022-12-22T01:21:18ZengUniversidad de San Martín de PorresRevista de Análisis Económico y Financiero2617-99892663-89082020-01-0131724https://doi.org/10.24265/raef.2020.v3n1.18¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetariaRenzo Vidal Caycho0https://orcid.org/0000-0001-8724-7388Universidad de San Martín de PorresThis document analyzes the indirect effect between aggregate consumption and the design of monetary policy under the basic New Keynesian approach in a small closed economy. Assuming heterogeneous agents, it is observed that the impact of the interest rate on consumption is greater than considering a representative agent model according to Kaplan, Moll and Violante (2018). Thus, the research work shows that if the government generates a monetary policy that stimulates the economy, its impact is greater in those families that have a diversified portfolio whose wealth is divided between salaries and financial assets, than in those that only have labor income, widening the inequality gap http://contabilidadyeconomiausmp.edu.pe/OJS2020/index.php/RAEF/article/view/18heterogeneous agentsconsumptionmonetary policyinequality |
| spellingShingle | Renzo Vidal Caycho ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria Revista de Análisis Económico y Financiero heterogeneous agents consumption monetary policy inequality |
| title | ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria |
| title_full | ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria |
| title_fullStr | ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria |
| title_full_unstemmed | ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria |
| title_short | ¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria |
| title_sort | la desigualdad de los agentes afecta al consumo una vision desde la politica monetaria |
| topic | heterogeneous agents consumption monetary policy inequality |
| url | http://contabilidadyeconomiausmp.edu.pe/OJS2020/index.php/RAEF/article/view/18 |
| work_keys_str_mv | AT renzovidalcaycho ladesigualdaddelosagentesafectaalconsumounavisiondesdelapoliticamonetaria |