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
Mario Arend () and
MPRA Paper from University Library of Munich, Germany
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.
Keywords: modelo macro-econometrico; cuenta corriente; tipo de cambio real; términos de intercambio; simulación (search for similar items in EconPapers)
JEL-codes: E12 E17 (search for similar items in EconPapers)
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