1. Repositorio institucional de CLACSO
2. Colección de los Centros Asociados
3. Puerto Rico
4. Facultad de Administración de Empresas (AACSB Accredited) - EGAE - Cosecha

Título :	Macroeconomic fluctuations, Taylors rule, and the dynamics of unemployment and inflation in Puerto Rico
Palabras clave :	Administración y Contabilidad;Structural decomposition;inflation;unemployment;Taylor rule;economic fluctuations;regional effects of monetary policy
Editorial :	Centro de Investigaciones Comerciales e Iniciativas Académicas
Descripción :	Through the structural decomposition developed by Blanchard and Quah (1989), this paper studies the effects of the impulses associated with the Taylors rule of the United States and the supply and demand in Puerto Rico on the dynamics of the unemployment and inflation on the Island. According to the results, in the short run, unemployment responds mostly to the unanticipated shocks of the monetary policy rule in the United States and the supply shocks. Inflation also responds to this rule and the impulses associated with aggregate demand. In the long run, unemployment is declining, and inflation is accelerating mainly in the face of an unanticipated expansion of U.S. monetary policy caused by the establishment of the Taylor rule.
URI :	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50528
Otros identificadores :	http://www.redalyc.org/articulo.oa?id=63158905001
Aparece en las colecciones:	Facultad de Administración de Empresas (AACSB Accredited) - EGAE - Cosecha

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