Abstract
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic agents (retailers, corporations and institutions) react to different economic scenarios, and to test how they would respond to a number of macroeconomic shocks. Application of a Vector Auto regression (VAR) approach and utilization of accounting innovations (Impulse Response Functions and Variance Decompositions) and Granger causality test will help us determine the dynamic path for each variable.
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