Abstract

http://ssrn.com/abstract=1554002
 
 

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How Does Monetary Transmission Mechanism Impact Output, Inflation and Money Market Funds in Argentine?


Juan Ledesma Padilla


University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)

February 16, 2010


Abstract:     
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic agents (retailers, corporations and institutions) react to different economic scenarios, and to test how they would respond to a number of macroeconomic shocks. Application of a Vector Auto regression (VAR) approach and utilization of accounting innovations (Impulse Response Functions and Variance Decompositions) and Granger causality test will help us determine the dynamic path for each variable.

Number of Pages in PDF File: 31

Keywords: Vector Auto regression, Money Supply, Output, Price Level, Money Market Funds, Argentine, Impulse Response Functions, Variance Decomposition

JEL Classification: C22, C32, C52, E40, E42, E44, E51, E52, F31, G11, L84, M21 ,N16, O54, P16

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Date posted: February 17, 2010  

Suggested Citation

Ledesma Padilla, Juan, How Does Monetary Transmission Mechanism Impact Output, Inflation and Money Market Funds in Argentine? (February 16, 2010). Available at SSRN: http://ssrn.com/abstract=1554002 or http://dx.doi.org/10.2139/ssrn.1554002

Contact Information

Juan Marcos Ledesma Padilla (Contact Author)
University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) ( email )
Lausanne, 1018
Switzerland
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References:  21

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