This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Hechos estilizados de la economía peruana

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Castillo, Paul
Montoro, Carlos
Tuesta, Vicente

Additional information is available for the following registered author(s):

Abstract

Este trabajo contribuye a la discusión de políticas macroeconómicas para la economía peruana, reportando un conjunto amplio de hechos estilizados para el periodo 1980-2005. La documentación de esto hechos permitirá una mayor comprensión de las características distintivas de Perú y por tanto servirá como herramienta de evaluación de modelos de comportamiento para la economía peruana. Los resultados de este trabajo se resumen a continuación: primero, se verifica un cambio importante en la estructura de la economía peruana en los 90's respecto a los 80's. En particular, en los 90's se observa una mayor apertura comercial y financiera, una mayor estabilidad de las políticas fiscal y monetaria, y una mayor profundización de los mercados financieros. Segundo, a raíz del cambio en la estructura y de la adopción del régimen monetario de metas explícitas de inflación en el año 2002, el comportamiento cíclico de las principales variables macroeconómicas ha cambiado significativamente. En particular, en comparación con el periodo previo (1980-1993), durante el último periodo (1994-2005) se observa: una considerable reducción en la volatilidad del producto (casi 4 veces) y de sus principales componentes, una mayor asociación de los términos de intercambio con el ciclo económico, una política fiscal menos pro-cíclica, y a partir del 2002, una mayor importancia de las tasas de interés en la evolución tanto del ciclo económico como de la inflación.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/14/Estudios-Economicos-14-2.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2007)
Issue (Month): 14 ()
Pages: 33-75
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:rbp:esteco:ree-14-02

Contact details of provider:
Postal: Jr. Miro Quesada 441, Lima
Phone: 427-6250 ext. 3841
Fax: 426-6125
Web page: http://www.bcrp.gob.pe
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Departamento de Publicaciones Económicas).

Related research
Keywords:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Edward C. Prescott, 1986. "Theory ahead of business cycle measurement," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 9-22. [Downloadable!]
    Other versions:
  2. Gonzalo Llosa & Vicente Tuesta & Marco Vega, 2005. "A BVAR Forecasting Model For Peruvian Inflation," Working Papers 2005-007, Banco Central de Reserva del Perú. [Downloadable!]
  3. Mendoza, Enrique G, 1995. "The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 101-37, February. [Downloadable!] (restricted)
  4. Jorge Enrique Restrepo & Claudio Soto, 2004. "Regularidades Empíricas de la Economía Chilena," Working Papers Central Bank of Chile 301, Central Bank of Chile. [Downloadable!]
  5. Chang, Roberto & Kaltani, Linda & Loayza, Norman, 2005. "Openness can be good for growth : the role of policy complementarities," Policy Research Working Paper Series 3763, The World Bank. [Downloadable!]
    Other versions:
  6. Philip R. Lane & Gian Maria Milesi-Ferretti, 2004. "The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates," The Review of Economics and Statistics, MIT Press, vol. 86(4), pages 841-857, 02. [Downloadable!] (restricted)
    Other versions:
  7. Fatás, Antonio & Mihov, Ilian, 2005. "Policy Volatility, Institutions and Economic Growth," CEPR Discussion Papers 5388, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  8. Chari, V V & Kehoe, Patrick J & McGrattan, Ellen R, 2002. "Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?," Review of Economic Studies, Blackwell Publishing, vol. 69(3), pages 533-63, July.
    Other versions:
  9. Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band Pass Filter," NBER Working Papers 7257, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
    • Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band pass filter," Working Paper 9906, Federal Reserve Bank of Cleveland. [Downloadable!]
    • Lawrence J. Christiano & Terry J. Fitzgerald, 2003. "The Band Pass Filter," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, 05. [Downloadable!] (restricted)
  10. Thomas Lubik & Frank Schorfheide, 2005. "A Bayesian Look at New Open Economy Macroeconomics," Economics Working Paper Archive 521, The Johns Hopkins University,Department of Economics. [Downloadable!]
  11. Maurice Obstfeld & Kenneth S. Rogoff, 2005. "Global Current Account Imbalances and Exchange Rate Adjustments," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(2005-1), pages 67-146. [Downloadable!]
  12. Benigno, Gianluca, 2004. "Real exchange rate persistence and monetary policy rules," Journal of Monetary Economics, Elsevier, vol. 51(3), pages 473-502, April. [Downloadable!] (restricted)
  13. Neumeyer, Pablo A. & Perri, Fabrizio, 2005. "Business cycles in emerging economies: the role of interest rates," Journal of Monetary Economics, Elsevier, vol. 52(2), pages 345-380, March. [Downloadable!] (restricted)
    Other versions:
  14. Agenor, Pierre-Richard & McDermott, C John & Prasad, Eswar S, 2000. "Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts," World Bank Economic Review, Oxford University Press, vol. 14(2), pages 251-85, May. [Downloadable!]
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Montoro Carlos & Moreno Eduardo, 2007. "Structural Fiscal Rules and The Business Cycle," Working Papers 2007-011, Banco Central de Reserva del Perú. [Downloadable!]
Statistics
Access and download statistics

Did you know? The most prolific authors have over 700 items listed on IDEAS.

This page was last updated on 2009-11-28.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.