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El rol del tipo de cambio en Perú: ¿amortiguador o fuente de choques?

Author

Listed:
  • Joao Riveiro

    (Universidad Peruana de Ciencias Aplicadas)

Abstract

Este documento examina el rol del tipo de cambio en Perú utilizando un modelo estocástico para una economía pequeña y abierta que es identificado mediante un modelo estructural con vectores autorregresivos (SVAR) con restricciones de largo plazo a lo Blanchard y Quah. La descomposición de varianza indica que los choques reales de oferta y demanda son la principal fuente de fluctuaciones de los ciclos económicos en Perú y que conforme pasan los trimestres van ganando relevancia en explicar los movimientos del tipo de cambio. Estos resultados sugieren que el tipo de cambio juega un rol de absorber los choques reales que afectan la economía peruana.

Suggested Citation

  • Joao Riveiro, 2018. "El rol del tipo de cambio en Perú: ¿amortiguador o fuente de choques?," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 33(2), pages 79-89, October.
    • Handle: RePEc:ila:anaeco:v:33:y:2018:i:2:p:79-89
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    More about this item

    Keywords

    SVAR; macroeconomía abierta; tipo de cambio; Perú;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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