{"id":28741,"date":"2017-07-02T00:00:00","date_gmt":"2017-07-01T22:00:00","guid":{"rendered":"https:\/\/aeb.workingdemos.es\/actualidad\/te-interesa\/aeb-informa\/prisioneros-de-los-mercados\/"},"modified":"2026-02-23T11:17:52","modified_gmt":"2026-02-23T10:17:52","slug":"prisioneros-de-los-mercados","status":"publish","type":"blog-aeb","link":"https:\/\/aeb.workingdemos.es\/en\/actualidad\/te-interesa\/aeb-informa\/prisioneros-de-los-mercados\/","title":{"rendered":"Prisioneros de los mercados"},"content":{"rendered":"<p>Las comparecencias pu\u0301blicas del Presidente del Bundesbank, Jens Weidmann, son siempre interesantes. En varias ocasiones ha sido muy cri\u0301tico con las extremas medidas de poli\u0301tica monetaria expansiva a nivel mundial. Sin embargo, nunca se ha opuesto formalmente a la actuacio\u0301n del Banco Central Europeo.<\/p>\n<p>Weidmann nos deja esta semana tres mensajes. El primero, que el li\u0301mite de la poli\u0301tica monetaria expansiva es la estabilidad de los precios. El segundo, la importancia de respetar la frontera entre poli\u0301tica fiscal y la poli\u0301tica monetaria. Y por u\u0301ltimo, ha dejado claro que la poli\u0301tica monetaria no esta\u0301 al servicio de los mercados financieros.<\/p>\n<p>Sus dos primeras ideas no son nuevas, pero si\u0301 lo es su u\u0301ltima advertencia, que coincide con los avisos de la Fed (Fisher) sobre los potenciales excesos que la poli\u0301tica monetaria expansiva provoca en las valoraciones de algunos activos financieros. En bu\u0301squeda de la inflacio\u0301n de bienes y servicios, los bancos centrales pueden provocar la inflacio\u0301n de activos financieros.<\/p>\n<h6><a href=\"http:\/\/aeb.workingdemos.es\/wp-content\/uploads\/2017\/08\/00-201701734.pdf\" target=\"_blank\" rel=\"noopener\">Leer el art\u00edculo completo publicado el 2 de julio de 2017 en el Suplemento Dinero de La Vanguardia.<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>El disen\u0303o de la poli\u0301tica monetaria debe partir de una estrategia clara de normalizacio\u0301n, expuesta de forma transparente y responsable.<br \/>\nArt\u00edculo de opini\u00f3n publicado por Jos\u00e9 Luis Mart\u00ednez Campuzano, portavoz de la AEB, en el Suplemento Dinero de La Vanguardia.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","etiquetas":[295,581,314,582],"categorias-blog":[117],"class_list":["post-28741","blog-aeb","type-blog-aeb","status-publish","hentry","etiquetas-banco-central-europeo","etiquetas-bundesbank","etiquetas-mercados","etiquetas-precios","categorias-blog-portavoz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Art\u00edculo publicado en La Vanguardia: Prisioneros de los mercados<\/title>\n<meta name=\"description\" content=\"Art\u00edculo de opini\u00f3n publicado por Jos\u00e9 Luis Mart\u00ednez Campuzano, portavoz de la AEB, en el Suplemento Dinero de La Vanguardia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aeb.workingdemos.es\/en\/actualidad\/te-interesa\/aeb-informa\/prisioneros-de-los-mercados\/\" 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