Acelerador financiero, impacto del precio del gas

Financial accelerator, oil price impact

Joab Valdivia Coria

MPRA Paper from University Library of Munich, Germany

Abstract: A general equilibrium model was developed for a small and open economy with financial frictions in order to analyze the effects of monetary policy and fiscal policy in Bolivia on certain variables such as: GDP, Consumption, Investment, interest rates Inflation The results were obtained from cyclical contraction effects of the Taylor rule on inflation. The estimation was made for the time periods 2000 - 2005 and 2006 - 2015 through Bayesian econometrics. A different response is evident in both periods of time, in fiscal spending and the price of natural gas.

Keywords: Bayesian estimation; Fiscal Expenditure; Financial Frictions; Dynamic Stochastic General Equilibrium Model (DSGE). (search for similar items in EconPapers)
JEL-codes: E42 E58 E62 E63 (search for similar items in EconPapers)
Date: 2016-10
New Economics Papers: this item is included in nep-dge, nep-ene and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:78784

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