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Efectividad de la política monetaria en algunas economías latinoamericanas

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Author Info
Carlos Garcia () (ILADES-Georgetown University, Universidad Alberto Hurtado)
Wildo Gonzalez () (Banco Central de Chile)
Abstract

El objetivo de este artículo es realizar estimaciones de un modelo keynesiano simple de equilibrio general Monacelli (2003) para caracterizar la efectividad y los mecanismos de transmisión de la política monetaria en países latinoamericanos. Se estiman los parámetros por medio de métodos bayesianos para seis países latinoamericanos. Para estos países existe poca evidencia hasta el momento de la utilización de métodos bayesianos en modelos DSGE, por lo que esta artículo constituye un aporte para el mejor entendimiento de las economías latinoamericanas, por medio de los cuales se establecen las diferencias existentes en el mecanismo de transmisión de la política monetaria, siendo esto debido a la heterogeneidad en los parámetros que caracterizan a las economías de la región.

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Publisher Info
Paper provided by Ilades-Georgetown University, School of Economics and Bussines in its series ILADES-Georgetown University Working Papers with number inv194.

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Length: 59 pages
Date of creation: Dec 2007
Date of revision:
Handle: RePEc:ila:ilades:inv194

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Related research
Keywords: Economía Pequeña y Abierta; Métodos Bayesianos; Transmisión Política Monetaria.;

Find related papers by JEL classification:
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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This page was last updated on 2009-12-5.

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