Abstract
This research estimates the effect of the expansive monetary policy on the Federal Reserve in the economic growth and inflation in the countries which have dollarized economies. In order to evaluate the effects of the monetary policy, the data of the Mundial Bank are used (2019) for the United States, Ecuador, El Salvador and Panama; and the data of the Federal Reserve Bank of the United States of North America (2019), during 2001-2017 and the econometric strategy of panel data with fixed effects and individual effects. The results show that the application of the expansive monetary policy fulfills the aim of dynamization the economic growth after the Major Recession, whilst, it has no significant effect on the inflation of the economies that are being studied, also indicated that the formation of fixed capital is the determinant factor of growth of those countries.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
