ADAPTACION DE LOS TIPOS DE INTERES DE INTERVENCION A LA REGLA DE TAYLOR. UN ANALISIS ECONOMETRICO

Abstract

Central banks of the main developed economies have as a main goal the stability of prices. The monetary policy to achieve this goal is implemented trough the control of short term interest rates. In this work we conduct an empirical study to show to what extent the monetary institutions fix the interest rates according with the Taylor rule. The Taylor interest rate rule makes the short-term interest rate dependent on current inflationary and cyclical developments