Jurnal Intermediasi

Impact of Monetary Policy, Fiscal Policy, and Currency Depreciation on Output The Case of Venezuela
This study applies the IS-LM model and the GARCH (Engle, 2001) process to find possible relationships between real GDP for Venezuela and selected macroeconomic variables. Based on an annual sample during 1959-2001, more real M2, more government deficit spending, real depreciation of the Bolivar, a higher expected inflation rate, and higher world oil price would help raise real GDP. JEL: E5, F4.