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La La guerra de rusia-ucrania, el covid 19 y la política monetaria del banco central dentro del marco de un modelo 'dsge' neokeynesiano para la economía ecuatoriana

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  • Luis Eduardo Peñafiel Chang
  • Carlos Alberto Freire Cadme
  • José Alberto Díaz Montenegro
  • Paolo Emilio Peñafiel Chang

Abstract

The critical nature of inflation in the world and particularly in Ecuador in the first months of 2022 is a fact that has been aggravated by the war between Russia and Ukraine. From this perspective, the inflation targeting policies of central banks correspond to deciding between prioritizing inflation or production. In this paper, a simulation of the potential effects of war occurring in Eastern Europe is analyzed using a neo-Keynesian dynamic stochastic general equilibrium (DSGE) model calibrated for the Ecuadorian economy. According to the results, the dynamics of interest rates would present particular characteristics depending on the effects of the war.

Suggested Citation

  • Luis Eduardo Peñafiel Chang & Carlos Alberto Freire Cadme & José Alberto Díaz Montenegro & Paolo Emilio Peñafiel Chang, 2022. "La La guerra de rusia-ucrania, el covid 19 y la política monetaria del banco central dentro del marco de un modelo 'dsge' neokeynesiano para la economía ecuatoriana," X-pedientes_Económicos, X-pedientes Económicos, vol. 6(15), pages 6-25.
    • Handle: RePEc:xpe:journl:v:6:y:2022:i:15:p:6-25
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