D-III Keuangan dan Perbankan
Universitas Muhammadiyah Malang
D-III Keuangan dan Perbankan
Universitas Muhammadiyah Malang

Impact of Monetary Policy, Fiscal Policy, and Currency Depreciation on Output The Case of Venezuela

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.

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