The Macroeconomics of Latin America
AbstractWe study why fluctuations of the real exchange rate are so volatile with respect to other macroeconomic variables for latin american economies. We use a Bayesian approach to estimate a two-country New Keynesian Open Economy Macroeconomics using data for several latin american economies, and perform model comparisons to study the importance of departing from the law of one price, complete markets assumptions, and perfect pass-through to match the relationship between real exchange rate volatility and other macroeconomic variables volatility. We find that allowing for incomplete markets and imperfect pass-through helps the model to better fit the relative volatility of real exchange rate with respect to some macroeconomic variables for several latin american economies
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Society for Computational Economics in its series Computing in Economics and Finance 2006 with number 153.
Date of creation: 04 Jul 2006
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If references are entirely missing, you can add them using this form.