Proceedings of the 18th International Academic Conference, London

IMPLEMENTATION OF MONETARY POLICY AND ITS INFLUENCE ON THE OUTPUT

RICARDO ÁLVAREZ TORRES, MARÍA IRMA MANRIQUE CAMPOS, ALEJANDRA FERNÁNDEZ HERNÁNDEZ

Abstract:

The output plays one of the main roles in both theoretical: orthodox and heterodox framework. In Mexico, where was embrace, and it is still ruling, an Inflation Targeting policy, it says that the output gap determines the inflation level, hence it symbolize worthy role of the application policy. Besides the fact that, in the heterodox framework, where the aggregate demand determines the output, it in turn, affect the level of employment, etc. This paper portrays, though statistics analysis, how monetary policy affects the output in Mexican case, also to provide a contrast of the role of product into the orthodox and heterodox framework.

Keywords: Monetary Policy, Output, Mexico

DOI: 10.20472/IAC.2015.018.012

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