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Análisis para Chile del efecto de un shock adverso de términos de intercambio sobre el tipo de cambio y la cuenta corriente
[Analysis of the Effects of a Negative Terms-of-Trade Shock over the Real Exchange Rate and Current Account in Chile]

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Author Info

  • Arend, Mario
  • Norambuena, Vivian

Abstract

In this paper we investigate the effects of a negative term-of-trade shock over the real exchange rate and current account in Chile. The work is based on a macro-econometric model that belongs to the family of Keynesian macroeconomic models, which is characterized by nominal rigidities. The results obtained in the simulation match the theory and do not show significant differences with micro-founded models.

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File URL: http://mpra.ub.uni-muenchen.de/27175/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27175.

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Date of creation: 01 Jun 2005
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Handle: RePEc:pra:mprapa:27175

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Keywords: modelo macro-econometrico; cuenta corriente; tipo de cambio real; términos de intercambio; simulación;

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  1. Rodrigo Cerda & Alvaro Donoso & Aldo Lema, 2003. "Fundamentos del Tipo de Cambio Real en Chile," Documentos de Trabajo 244, Instituto de Economia. Pontificia Universidad Católica de Chile..
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