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Tipo de cambio real en Bolivia:equilibrio y desalineamientos

Author

Listed:
  • Cerezo Aguirre, Sergio

    (Universidad Católica Boliviana San Pablo)

  • Salazar Gómez, Denise

    (SEBOL , Bolivia)

Abstract

Conocer el comportamiento del tipo de cambio real respecto a su equilibrio (interno y externo) permite determinar la existencia de des-alineamientos, y a partir de ello plantear recomendaciones sobre el diseño de políticas. En esa línea, el presente documento aplica cuatro métodos distintos para estimar el TCR de equilibrio en Bolivia, en algunos casos para un horizonte temporal y en otros para un periodo en particular. Los métodos revisados fueron: a) Filtro Estadístico - Hodrick y Prescott, b) Modelo de Comportamiento del TCR , c) Método del Equilibrio Macroeconómico y d) Método de Sostenibilidad Externa. Los resultados de todos estos métodos coinciden y sugieren una subvaluación cambiaria promedio de 0.69% para 2011, a pesar de que cada metodología considera distintas simplificaciones conceptuales e información diversa.

Suggested Citation

  • Cerezo Aguirre, Sergio & Salazar Gómez, Denise, 2012. "Tipo de cambio real en Bolivia:equilibrio y desalineamientos," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 18, pages 9-32, Noviembre.
    • Handle: RePEc:ris:revlde:1201
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    References listed on IDEAS

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    More about this item

    Keywords

    Tipo de cambio real de equilibrio; Bolivia;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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