Abstract
This paper examines real accelerator effects of United States monetary policy on the economy of Puerto Rico. According to the specific characteristics of the Puerto Rican system, a near-var model that bases the empirical evidence as far as the relation of the inflationary rate growth and the GNP acceleration rate as indicators of local economic activity, and fed funds rate as a monetary policy measurement is developed. The results indicate that anticipated and non-anticipated United States monetary policy actions precede and affect significantly the GNP acceleration rate in short and long run.Downloads
Download data is not yet available.