politica monetaria en la u.e. la dimension del problema
Post on 07-Aug-2018
213 Views
Preview:
TRANSCRIPT
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 1/6
_bnètakm Hbgjtmram jg nm Z.J.
NM FAHJG[AÛG FJN _\BLNJHM
Pbreag` _mpjr <4 fj ijlrjrb fj <?=9
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 2/6
<
_bnètakm Hbgjtmram jg nm Z.J.NM FAHJG[AÛG FJN _\BLNJHM
=.
Kumgtaiakmr kbg prjkasaûg jn ahpbrtj fj nms myufmstrmsnmfmfms mn sjktbr lmgkmrab pbr nm pbnètakm
hbgjtmram quj sbg fjsvamfms m iagmnafmfjs
fastagtms js kajrtmhjgtj kbhpnakmfb. Jg prahjr
nu`mr, kbhb kbgsjkujgkam fj nm imntm fj
agibrhmkaûg faspbgalnj. Nbs lmgkbs quj rjkaljg nbs
prástmhbs lbgaiakmfbs fjn LKJ ga saquajrm jstíg
blna`mfbs m agibrhmr sblrj nbs fjstagbs fmfbs m
fakdbs rjkursbs.
<.
Dmstm mdbrm, jn Vmr`jtjf VNV\B <?=6-=9 dm safb jn
ógakb prb`rmhm quj dm jxa`afb m nbs lmgkbs
rjkjptbrjs mn`óg tapb fj rjquasatb sblrj jn fjstagb
m fmr m nbs ibgfbs rjkalafbs. \jquasatbs tmg
`jgárakbs quj dmg rjsuntmfb knmrmhjgtj
agjiakajgtjs m jijktbs fj msj`urmr jn blcjtavb fj
kmgmnazmr nm jxpmgsaûg hbgjtmram dmkam jn kráfatb m
nm jkbgbhèm rjmn jurbpjm.
;.
Kbg pjrabfakafmf trahjstrmn, jn LKJ pulnakm nbs
rjsuntmfbs fj ugm "Jgkujstm", jn "Jurb mrjm lmge
njgfag` survjy", jg nm quj sj prj`ugtm m nbs lmgkbs
sblrj jn fjstagb fmfb m nbs prb`rmhms fj
jxpmgsaûg kumgtatmtavm. [j trmtm fj ugm hjrm
jgkujstm "kumnatmtavm", fj nm quj -kbhb vjrjhbs-
js príktakmhjgtj ahpbsalnj jxtrmjr kbgknusabgjs
kumgtaiakmfms.
6.
Mn`óg tapb fj mgínasas mn rjspjktb sj dm agtjgtmfb
jg jn góhjrb 0/<?=: fjn Lbnjtèg Jkbgûhakb fjn
LKJ, sj pólnakb jn mrtèkunb "Nm trmgshasaûg fj nms
rjkajgtjs hjfafms fj pbnètakm hbgjtmram gb
jstígfmrjs".
Nms kbgknusabgjs fj jstj mrtèkunb sbg, fjsfj nm
pjrspjktavm fj gujstrb agibrhj, fjkjpkabgmgtjs3
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 3/6
;
_bnètakm Hbgjtmram jg nm Z.J.NM FAHJG[AÛG FJN _\BLNJHM
"Nm jvafjgkam jhpèrakm su`ajrj quj jstms pbnètakms
dmg hjcbrmfb jxatbsmhjgtj nms kbgfakabgjskrjfatakams jg nm zbgm jurb y mpbymfb nm mktumn
rjkupjrmkaûg fj nm mktavafmf krjfatakam.
Nms Vmr`jtjf VNV\Bs y jn _rb`rmhm fj Mfquasakaûg
fj mktavbs dmg rjfukafb sa`gaiakmtavmhjgtj nbs
rjgfahajgtbs jg ug mhpnab kbgcugtb fj sj`hjgtbs
fjn hjrkmfb iagmgkajrb.
Nbs VNV\Bs y nbs M__ dmg rjfukafb
sa`gaiakmtavmhjgtj nbs rjgfahajgtbs jg ug mhpnabkbgcugtb fj sj`hjgtbs fjn hjrkmfb iagmgkajrb. ...
Nms rjfukkabgjs jg nbs rjgfahajgtbs fj nbs lbgbs
lmgkmrabs, js fjkar, nm iagmgkamkaûg fj hjrkmfb hís
lmrmtm pmrm nbs lmgkbs, dmg hjcbrmfb sus kbstjs fj
iagmgkamkaûg, nb quj pjrhatj ugm mktatuf hís
imvbrmlnj fj nbs lmgkbs dmkam jn prástmhb. ...
Jg `jgjrmn, nms hjfafms gb kbgvjgkabgmnjs dmg
myufmfb m ahpunsmr nm prjtjgfafm mkbhbfmkaûg fj
nm pbnètakm hbgjtmram m trmvás fj nm kmfjgm fj
agtjrhjfamkaûg pmrm mnkmgzmr m nbs prjstmtmrabs
iagmnjs, js fjkar nbs db`mrjs y nms jhprjsms. Jnnb
kbgtraluyj m nm rjkupjrmkaûg fjn kráfatb y fj nm
mktavafmf jkbgûhakm, nb quj sj jspjrm quj prbfuzkm
ug mcustj sbstjgafb fj nms tmsms fj aginmkaûg dmkam
gavjnjs agijrabrjs, mugquj prûxahbs, mn <% m hjfab
pnmzb".
:.
Js fjkar, ga ugm pmnmlrm sblrj nb quj gbs bkupm jg
jstj trmlmcb. Js fjkar, sblrj jg quá hjfafm nbs
rjkursbs mpbrtmfbs mn sastjhm lmgkmrab sj dmg
fjstagmfb m su iag. Jn quj jstbs prb`rmhms
jxtrmbrfagmrabs tjg`mg jijktbs pbsatavbs jg jn
ahpunsb fjn kráfatb y jg nm rjfukkaûg fj nbs tapbs
fj agtjrás pmrjkj mn`b kmsa agjvatmlnj. Faièkanhjgtj
pbfèm sjr fj btrm ibrhm trms fjstagmr mn sastjhm
lmgkmrab gmfm hjgbs quj ug <4% fjn _AL fj nm
Jurbzbgm. Nm kujstaûg knmvj rmfakm jg nm agkû`gatm
jxastjgtj sblrj nm jiakajgkam fj nm jxpmgsaûg
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 4/6
6
_bnètakm Hbgjtmram jg nm Z.J.NM FAHJG[AÛG FJN _\BLNJHM
hbgjtmram. Fakdb fj btrm ibrhm, jg quá hjfafm
kbg ugm `jstaûg hís ra`urbsm pbfrèmg dmljrsj
kbgsj`uafb rjsuntmfbs sahanmrjs kbg ug jsiujrzb
hbgjtmrab sjgsalnjhjgtj agijrabr b lajg sa kbg jn
hashb jsiujrzb fj jxpmgsaûg hbgjtmram pbfrèmg
dmljrsj kbgsj`uafb rjsuntmfbs sjgsalnjhjgtj
supjrabrjs.
9.
Nm príktakm musjgkam fj kbgtrbn y rjspbgsmlanafmf
sblrj nms mpbrtmkabgjs fj rjkursbs mn sastjhm
lmgkmrab dmkj ahpbsalnj, kbhb vjhbs, kumgtaiakmr
kbg prjkasaûg nb quj jstí sukjfajgfb. _jrb sè dmy
fmtbs suiakajgtjs pmrm jvafjgkamr nm jgbrhafmf fj
nm fanmpafmkaûg fj rjkursbs quj jn kbgcugtb fj nm
jxpmgsaûg hbgjtmram supbgj.
0.
Mpbrtmrjhbs hís mfjnmgtj mn`ugbs fmtbs
rjijrjgtjs m nbs prb`rmhms Vmr`jtjf VNV\B.
Hajgtrms tmgtb, vjmhbs, pbr jcjhpnb, nbs kínkunbsfjn prbpab LKJ sblrj jn fjstagb fj nbs ibgfbs fjn
_rb`rmhm fj Mfquasakaûg fj Mktavbs, jg lmsj mn
mgínasas fj nbs hbvahajgtbs fjn lmnmgkj fj nbs
lmgkbs3
Iujgtj3 LKJ
Kbhb vjhbs, sa kbgvjrtar jstbs fmtbs jg
kbgknusabgjs kumgtaiakmfms js kbhpnjcb, sè pmrjkj
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 5/6
:
_bnètakm Hbgjtmram jg nm Z.J.NM FAHJG[AÛG FJN _\BLNJHM
jvafjgtj quj nm trmsnmkaûg fj jstbs rjkursbs mn
kráfatb js sûnb pmrkamn y hagbratmram.
4.
M nm hashm kbgknusaûg gbs nnjvm nm agibrhmkaûg
rjpjtafmhjgtj mpbrtmfm pbr nm agfakmfm jgkujstm
trahjstrmn jnmlbrmfm pbr jn LKJ jgtrj nbs lmgkbs
jurbpjbs rjkjptbrjs fj sus rjkursbs. Mgtj nm
prj`ugtm sblrj jn fjstagb fj nbs ibgfbs rjkalafbs,
sûnb ug ;? pbr kajgtb fj nbs lmgkbs rjkbgbkajrbg
quj nbs rjkursbs kmptmfbs "dmg kbgtraluafb
kbgsafjrmlnjhjgtj" b "dmg kbgtraluafb fj mn`ugm
ibrhm" mn ahpunsb fjn kráfatb3
Iujgtj3 JKL
1.
Jstbs fmtbs fjcmg jg jvafjgkam, pbr ug nmfb, nm
gbtbrajfmf kbg nm quj sj trmgshatj quj nbs
rjkursbs rjkalafbs fjn Jurbsastjhm gb sj fjstagmg
8/20/2019 Politica Monetaria en la U.E. LA DIMENSION DEL PROBLEMA
http://slidepdf.com/reader/full/politica-monetaria-en-la-ue-la-dimension-del-problema 6/6
9
_bnètakm Hbgjtmram jg nm Z.J.NM FAHJG[AÛG FJN _\BLNJHM
m nbs iagjs fj nm pbnètakm hbgjtmram. _br btrb nmfb,
mkrjfatmg tmhlaág nm jgbrhafmf quj jstj fjsvèb
fj rjkursbs supbgj jg jn kbgcugtb fj nm pbnètakm
hbgjtmram fj nm jurbzbgm y, pbr supujstb, jg jn
kbgcugtb fj nm jkbgbhèm jurbpjm.
Ms m Pbreag` _mpjr, at fbjs gbt rjinjkt mgy agstatutabgmn pbsatabg br bpagabg gjatdjr bi JEMA Kjgtjr, gbr bi
ats spbgsbrs br suppbrtag` jgtatajs.
JEMA Kjgtjr sjjes tb fb lusagjss watd kbhpmgajs br `bvjrghjgts kbvjrjf ag ats rjpbrts. \jmfjrs sdbunf lj
mwmrj tdmt wj hmy dmvj m kbginakt bi agtjrjst tdmt kbunf miijkt tdj blcjktavaty bi tdas rjpbrt. Agvjstbrs
sdbunf kbgsafjr tdas rjpbrt ms bgny m sag`nj imktbr ag hmeag` tdjar agvjsthjgt fjkasabg.
@M\MAM AGGBYMVABG KJGVJ\, @BA\Z =M HBGF\M@BG
VJN3 16;<:?=?6 NJEJAVAB 90:0?=04: FZ\MG@B 9444=1:<?
J-HMAN3 agibOjemakjgtjr.ju
www.jemakjgtjr.ju skralf.kbh/JEMAKjgtjr
top related