Fiscal Policy segregation in the inflation targeting scheme

Authors

  • Josefina León León Universidad de Guadalajara, Jalisco, México
  • Juan Carlos Hurtado Ramos Universidad Autónoma Metropolitana - Unidad Azcapotzalco. México
  • César D. Alvarado Gutiérrez Universidad Autónoma de Puebla, Puebla, México

DOI:

https://doi.org/10.15381/pc.v24i1.16563

Keywords:

Monetary politics; policy coordination; fiscal policy; debt

Abstract

Fiscal policy enjoyed great popularity during the post-war period as the main tool of macroeconomic stability. With the passage of time it began to lose relevance, being relegated only to stabilize the cycles. The objective of this paper is to review why fiscal policy has been relegated to a second place within theoretical analyses and to analyze its “implicit” role in the New Macroeconomic Consensus. While it is true that monetary policy has been responsible for creating the necessary conditions to generate stability, fiscal policy is crucial to reach the objective on the inflation rate.

Author Biographies

  • Josefina León León, Universidad de Guadalajara, Jalisco, México

    Economista, Universidad de Guadalajara, Jalisco, México. Maestra en Políticas Públicas, Instituto Tecnológico Autónomo de México, México. Doctora en Ciencias Económicas, UAM, México. Profesora-Investigadora, responsable del proyecto de investigación, Departamento de Economía de la UAM Unidad Azcapotzalco, Av. San Pablo 180, Colonia Reynosa Tamaulipas, Delegación Azcapotzalco, Ciudad de México, C.P. 022000. México. Teléfono: 01-55-44376774.

  • Juan Carlos Hurtado Ramos, Universidad Autónoma Metropolitana - Unidad Azcapotzalco. México

    Economista, UAM Unidad Azcapotzalco, Ciudad de México, México. Maestro en Ciencias Económicas, UAM, México. Estudiante del Doctorado en Ciencias Económicas, UAM, México. Teléfono: 55-44-58-40-69.

  • César D. Alvarado Gutiérrez, Universidad Autónoma de Puebla, Puebla, México

    Economista, Benemérita Universidad Autónoma de Puebla, Puebla, México. Maestro en Ciencias Económicas, UAM, México. Doctor en Ciencias Económicas, UAM, México. Profesor-Investigador, pertenece al Grupo de Investigación de Macroeconomía Financiera, Departamento de Economía de la UAM Unidad Azcapotzalco. Teléfono: 5-318-91-31.

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Published

2019-07-31

Issue

Vol. 24 No. 1 (2019)

Section

Artículos

License

Copyright (c) 2019 Josefina León León, Juan Carlos Hurtado Ramos, César D. Alvarado Gutiérrez

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How to Cite

Fiscal Policy segregation in the inflation targeting scheme. (2019). Pensamiento Crítico, 24(1), 141-166. https://doi.org/10.15381/pc.v24i1.16563