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]
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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| Date of creation: | 01 Jun 2005 |
| Handle: | RePEc:pra:mprapa:27175 |
| Contact details of provider: | Postal: Ludwigstraße 33, D-80539 Munich, Germany Phone: +49-(0)89-2180-2459 Fax: +49-(0)89-2180-992459 Web page: https://mpra.ub.uni-muenchen.de More information through EDIRC
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- Rómulo A. Chumacero & Klaus Schmidt-Hebbel, 2005.
"General Equilibrium Models: An Overview,"
Central Banking, Analysis, and Economic Policies Book Series,in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.), General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 1, pages 001-027
Central Bank of Chile.
- Rómulo A. Chumacero & Klaus Schmidt-Hebbel, 2004. "General Equilibrium Models: An Overview," Working Papers Central Bank of Chile 307, Central Bank of Chile.
- 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.. Full references (including those not matched with items on IDEAS)
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