A Toolkit for Analyzing Alternative Policies in The Chilean Economy

Romulo Chumacero

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: This paper presents a general equilibrium model for a small open economy that can be used to assess the effects of alternative policies. The model is estimated in order to replicate key characteristics of the Chilean economy by using the gradients of an Identified VAR model as matching conditions for the theoretical model. The theoretical model is sufficiently general so that it can be used to analyze issues such as alternative exchange rate regimes, controls to capital inflows, inflation targeting, and other policies used by the monetary authority. A distinguishing feature of this model is that it explicitly models the attitudes of foreign investors.

Date: 2003-12
New Economics Papers: this item is included in nep-ifn
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Citations: View citations in EconPapers (9)

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Related works:
Working Paper: A Toolkit for Analyzing Alternative Policies in the Chilean Economy (2010)
Chapter: A Toolkit for Analyzing Alternative Policies in the Chilean Economy (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:241

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