Impacto de corto y mediano plazo del COVID-19 en la economía dominicana: un análisis de oferta y demanda agregada

Short- and medium-term impact of COVID-19 on the Dominican economy: an analysis of aggregate supply and demand

Alexis Cruz-Rodriguez

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this article is to illustrate the economic impact of the COVID-19 pandemic on the Dominican economy. To do this, an OA and DA model is developed for the medium term, and an IS-RM model for the short term, within the framework of the new Keynesian economy with monetary policy following a Taylor rule; the money supply is a Phillips curve. The analysis indicates that both in the short and medium term the impact of the coronavirus translates into losses in the level of production, higher levels of unemployment and depreciation of the real exchange rate. The expectations of consumers and entrepreneurs play an important role.

Keywords: COVID-19; growth; inflation; aggregate demand; aggregate supply (search for similar items in EconPapers)
JEL-codes: E20 E23 F4 O4 (search for similar items in EconPapers)
Date: 2021-04
New Economics Papers: this item is included in nep-mac
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Published in Ciencia, Economía y Negocios 2.5(2021): pp. 39-60

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113292

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