To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...

La pregunta que se aborda en este trabajo es qué sesgos de política económica pueden ocurrir cuando las autoridades monetarias y las fiscales tienen preferencias distintas en cuanto a la importancia de cerrar las brechas de producción e inflación generadas por shocks adversos. Para cumplir...

This paper reviews the recent literature on monetary policy rules. In particular, we discuss the theoretical framework underlying different monetary policy strategies. Currently, many central banks are implementing a scheme of monetary policy where the main instrument and indicator of it, is a...

This is a research on Political Economy, Macroeconomics and Applied Economy, based on the Austrian Economics ́ approach over the economic cycles and applied to the Spanish case (2002-2014). Attention is focused on the endemic problem of economic cycles, such as successive and distorting periods...

This is a research on Political Economy, Macroeconomics and Applied Economy, based on the Austrian Economics' approach over the economic cycles and applied to the Spanish case (2002-2014). Attention is focused on the endemic problem of economic cycles, such as successive and distorting periods...

En este trabajo se ilustran los efectos de distintas medidas de consolidación fiscal sobre la actividad económica mediante simulaciones realizadas con un modelo de equilibrio general calibrado para la economía española. Los resultados muestran que, con carácter general, el proceso de...