Theoretical background of the impact of monetary policy on business cycles
DOI:
https://doi.org/10.15381/pc.v20i1.11486Keywords:
Monetary Policy Transmission Channels, Persistence, Monetary DisturbanceAbstract
This paper, following Alonso Neira, Rallo Julián y Philipp Bagus, systematically describes the theoretical background of the impact of Monetary Policy on Economic Cycles; where as economists have tried to explain why the production cycles of varying duration shown. This explanation attempts to determine three issues: 1) Whatkind of -exógena or endogenous, real or monetary shock hits the Production generating cycles; what transmission channels expand he disturbance throughout the economic system; and 3) what factors influence the persistence of business cycle turning at temporary disruption in cycles of greater range and endurance.
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Copyright (c) 2015 Pablo Rivas Santos
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