Efectos de la política monetaria en las decisiones de crédito al consumo

Autores/as

  • Abigail Rodríguez Nava Universidad Autónoma Metropolitana, Unidad Xochimilco.
  • Francisco Venegas Martínez Instituto Politécnico Nacional, Escuela Superior de Economía.

DOI:

https://doi.org/10.18381/eq.v12i2.4860

Palabras clave:

Política monetaria, bancos comerciales, consumidores, gasto, tasa de interés

Resumen

En esta investigación se propone un modelo cuyo propósito es mostrar los efectos de política monetaria en las decisiones de crédito bancario para consumo. Las hipótesis esenciales son: 1) la autoridad monetaria incide en la composición del balance bancario mediante el control de la tasa de interés; 2) la oferta de crédito es independiente de los depósitos. Entre los resultados principales se encuentran: 1) la utilización de la tasa de interés como instrumento de política monetaria influye indirectamente sobre las posibilidades de gasto de los consumidores, porque los bancos comerciales son forzados a modificar la composición de sus activos y pasivos en respuesta a las decisiones del banco central; 2) la demanda de activos y pasivos de los agentes depende esencialmente de la rentabilidad, riesgo y correlación entre los títulos. Por último, el modelo propuesto se calibra para medir los efectos de la política monetaria sobre las decisiones de los agentes. 

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Publicado

2016-01-19

Cómo citar

Rodríguez Nava A., & Venegas Martínez F. (2016). Efectos de la política monetaria en las decisiones de crédito al consumo. EconoQuantum, 12(2), 47-69. https://doi.org/10.18381/eq.v12i2.4860