Keynesian theory of Money and prices applied to Mexican economy
Keynes provided valuable contributions to the neoclassical Quantitative Theory of Money regarding the direct functional relationship between money increases and price level. the objective of this work is to apply the Keynesian Theory of Money and Prices to Mexican economy in order to evaluate the be...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2011 |
| País: | México |
| Institución: | UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO |
| Repositorio: | Problemas del Desarrollo. Revista Latinoamericana de Economía |
| Idioma: | español |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/28735 |
| Acceso en línea: | https://www.probdes.iiec.unam.mx/index.php/pde/article/view/28735 |
| Access Level: | acceso abierto |
| Palabra clave: | Keynes Teoría Cuantitativa del dinero demanda efectiva México Salinas Zedillo Fisher dinero |
| Sumario: | Keynes provided valuable contributions to the neoclassical Quantitative Theory of Money regarding the direct functional relationship between money increases and price level. the objective of this work is to apply the Keynesian Theory of Money and Prices to Mexican economy in order to evaluate the behavior of product and prices against changes occurred in monetary offer. Obtained results indicate that, even though Mexican economy is found in an employment inferior to full situation, those Keynesian suppositions that are valid for economies which have reduced their idle capacity are fulfilled, that is, they have reached full use of their resources. In this way, Keynesian Theory of Money and Prices is a useful instrument to demonstrate that the behavior of Mexican economy suits within the parameters of an economy positioned in full employment (speed of constant money, price-effective demand elasticity equals to one, occupation elasticity equals to zero, nominal salaries rate elasticity equals to one), without being in it |
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