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]
AbstractIn 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27175.
Date of creation: 01 Jun 2005
Date of revision:
modelo macro-econometrico; cuenta corriente; tipo de cambio real; términos de intercambio; simulación;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
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- 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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