Lags from Money to Inflation in a Monetary Integrated Economy: Evidence from the Extreme Case of Puerto Rico.

dc.creatorRodríguez, Carlos A.
dc.date2010-01-15T16:46:14Z
dc.date2010-01-15T16:46:14Z
dc.date2007-05
dc.date.accessioned2017-03-17T16:53:08Z
dc.date.available2017-03-17T16:53:08Z
dc.identifier1541-8561
dc.identifierhttp://hdl.handle.net/10586/58
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/647229
dc.descriptionThis paper examines the time-length of money growth's long and short run effect in affecting the rate of inflation in the context of an economy of extreme monetary integration. Money growth is measured as the rate of growth of Puerto Rico's consumer price index. By analyzing the case of Puerto Rico, we find that a dynamic expansion of money is reflected on prices immediately, but the unitary effect occurs approximately within ten quarters. In addition, the results show that local inflation is significantly influenced by its own past history and monetary policy, with the second having the greater effect.
dc.languageen_US
dc.publisherCentro de Investigaciones Comerciales e Iniciativas Académicas de la Facultad de Administración de Empresas. Forum Empresarial. Vol. 12 Num.1
dc.relationForum Empresarial;Vol.12 Num.1
dc.subjectMonetary Theory
dc.subjectDynamic Econometric
dc.subjectDynamic Systems
dc.subjectQuantitative methods
dc.subjectMacro econometrics
dc.subjectDynamic Economics
dc.subjectMoney growth
dc.subjectPuerto Rico
dc.titleLags from Money to Inflation in a Monetary Integrated Economy: Evidence from the Extreme Case of Puerto Rico.
dc.typeArtículos de revistas


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