Confrontando un modelo DSGE con los datos
, 2020 In this document we try to answer a key question in macroeconomic modeling. How much does a stochastic model of general equilibrium reproduce the data? To answer this question we use three metrics. First, we compare the statistical moments of the model with the data. Second, we perform a simulation of the cycles.
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NEW KEYNESIAN MODELS FOR CHILE DURING THE INFLATION TARGETING REGIME: A STRUCTURAL APPROACH [PDF]
Knowing the frictions that are present in the economy is a key step towards the efficient design of policy actions. In particular, price and wage rigidities determine the degree of tradeoff between output and inflation stabilization that central banks ...
Felipe Liendo +2 more
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¿Es conveniente una autoridad monetaria “blanda”? [PDF]
, 2017 Teniendo como marco de referencia la “estrategia de inflación objetivo” es usual discutir lo que es m ́as conveniente para una sociedad en cuanto al grado de “dureza” o “agresividad” de una autoridad monetaria para defender su meta de inflación, y la ...
Posada, Carlos E., Villca, Alfredo
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Efectos de ciclos de precios de metales: estimación de un modelo de equilibrio general con time to build para la economía peruana, 2001-2015 [PDF]
, 2016 En el presente documento se estudia el desempeño que ha tenido Perú durante la última fase expansiva del ciclo de precios de commodities, específicamente entre los años 2001 y 2015.
Contreras Mellado, Álvaro Andrés +1 more
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Política Monetária e Preço dos Imóveis no Brasil: Uma Análise a partir de um Modelo DSGE
Revista Brasileira de Economia, 2018 Este artigo avalia se o comportamento recente do Banco Central do Brasil sugere que a politica monetaria tem reagido a mudancas nos precos das habitacoes. Para responder a esta questao, utilizam-se duas estrategias. Num primeiro momento, sao estimadas funcoes de reacao utilizando metodos de equacoes simples por meio de Minimos Quadrados Ordinarios e ...
Silva, Marcelo Eduardo Alves da +1 more
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Non-Ricardian Aspects of Fiscal Policy in Chile [PDF]
This paper examines non-Ricardian effects of government spending shocks in the Chilean economy. We first provide evidence on those effects based on vector autoregressions. We then show that such evidence can be accounted for by a model that features: (i)
Jordi Galí +2 more
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Conventional Calibration Versus EDF Calibration [PDF]
In this paper we analyze the impact of using alternative parameter calibration methodologies for general equilibrium models in the context of a particular application.
J. Felipe Córdova
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Efectividad de la política monetaria en algunas economías latinoamericanas [PDF]
El objetivo de este artículo es realizar estimaciones de un modelo keynesiano simple de equilibrio general Monacelli (2003) para caracterizar la efectividad y los mecanismos de transmisión de la política monetaria en países latinoamericanos.
Carlos Garcia, Wildo Gonzalez
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An Estimated Stochastic General Equilibrium Model with Partial Dollarization: A Bayesian Approach [PDF]
This paper develops and estimates a dynamic stochastic general equilibrium New Keynesian model of a small open economy with partial dollarization. We use Bayesian techniques and Peruvian data to evaluate two forms of dollarization: currency substitution (
Carlos Montoro +2 more
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Choques macroeconômicos e a probabilidade de permanecer empregado ou desempregado [PDF]
, 2015 This exercise contributes to the literature that relates macroeconomic cycle with the labor market, estimating an Favar model to Brazil with four variables - degree of utilization, inflation rate, Selic rate and real exchange rate - and a latent variable
Cavalcanti, Marco Antônio Freitas de Hollanda +1 more
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