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Modelo de Equilibrio General Dinámico Estocástico para el análisis de la política monetaria del Banco Central de Bolivia

Author

Listed:
  • Departamento de Investigaciones en Banca Central
  • Subgerencia de Investigaciones Económicas
  • Asesoría de Política Económica
  • Banco Central de Bolivia

    (Banco Central de Bolivia)

Abstract

El documento tiene por objetivo describir el Modelo de Equilibrio General Dinámico Estocástico (MEGDE), elaborado al interior del Banco Central de Bolivia, para contribuir al análisis de la política monetaria en la economía boliviana. Este modelo se ha denominado “MEGDE-Bolivia”. El documento examina, en particular, la estructura teórica del modelo, describiéndose con detalle sus componentes y las interacciones existentes. El aporte es importante en la medida en que el modelo incorpora varias características no estándar en procura de internalizar aspectos intrínsecos de la economía boliviana y de su régimen cambiario y monetario. En particular, se destaca la incorporación de diversos tipos de dolarización y el uso de reglas de política monetaria alternativas junto a instrumentos de intervención en el mercado cambiario.

Suggested Citation

  • Departamento de Investigaciones en Banca Central & Subgerencia de Investigaciones Económicas & Asesoría de Política Económica & Banco Central de Bolivia, 2021. "Modelo de Equilibrio General Dinámico Estocástico para el análisis de la política monetaria del Banco Central de Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 35(1), pages 129-169, July - De.
    • Handle: RePEc:blv:journl:v:35:y:2021:i:1:p:129-169
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    More about this item

    Keywords

    MEGDE; dolarización parcial; sector commodities; política monetaria;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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