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
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.:
- Rodrigo Cerda & Alvaro Donoso & Aldo Lema, 2003. "Fundamentos del Tipo de Cambio Real en Chile," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad CatÃ³lica de Chile. 244, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Rómulo A. Chumacero & Klaus Schmidt-Hebbel, 2004.
"General Equilibrium Models: An Overview,"
Working Papers Central Bank of Chile, Central Bank of Chile
307, Central Bank of Chile.
- Rómulo A. Chumacero & Klaus Schmidt-Hebbel, 2005. "General Equilibrium Models: An Overview," Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile, in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel ( (ed.), General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 1, pages 001-027 Central Bank of Chile.
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