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Interaction of Economic Policy. Lessons on Social Welfare and Risk Premium

Roger Alejandro Banegas Rivero, Marco Alberto Nunez Ramirez and Sacnicte Valdez Del Rio

Montenegrin Journal of Economics, 2021, vol. 17, issue 1, 7-29

Abstract: The Purpose of this paper is to quantify the impacts on social welfare and risk premium, by combination and alternatives to interactions of economic policy: fiscal-monetary, fiscal-exchange and monetary for the Bolivian case. There are also considered unidirectional economic policies with counterfac-tual analysis without interaction. The estimates are presented by a Dynamic Stochastic General Equilibrium (DSGE) model with the incorporation of Bayesian structural autoregressive vectors (SVAR).

Date: 2021
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