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In this paper we report the main stylized facts of the business cycle for the Peruvian Economy. This study is important for the development of economic models, which are useful to evaluate the impact of different economic policies. Moreover, for those models to have empirical validity, it is...
Persistent link: https://www.econbiz.de/10005694908
In this paper we calculate the Keynesian multipliers of income, employment, imports and exports of the Peruvian economy for 101 economic activities based on information from the 2007 input-output table, taking into account the distinction between domestic origin and external of the goods and...
Persistent link: https://www.econbiz.de/10015263748
In this paper we calculate the Keynesian multipliers of income (value added), employment, imports and net exports for 101 economic activities of the Peruvian economy based on information from the 2007 input-output table. Our analysis considers the distinction between domestic and foreign origin...
Persistent link: https://www.econbiz.de/10015264111
This paper estimates the Keynesian multipliers of income (value added), employment, imports and net exports for 101 economic activities of the Peruvian economy based on information from the 2007 input-output table that takes into account domestic and external origin of the goods and services...
Persistent link: https://www.econbiz.de/10015266150
We built a real business cycle model with inside money and passive monetary policy that shows some interesting features regarding interest rate dynamics and credit market behavior. We find that the model is stable, a feature that was difficult to find in the literature on passive money. We think...
Persistent link: https://www.econbiz.de/10015243254
Persistent link: https://www.econbiz.de/10011995033
This paper studies the relation between Mexican and American economy, and how the increase in interest rate in US would impact the rest of the world, because of the lower economic growth, and its consequence of lower exports growth of the rest of the world to US. This policy decreases capital...
Persistent link: https://www.econbiz.de/10004988680
En este artículo se propone un método numérico para la calibración de un modelo de equilibrio general dinámico y estocástico (DSGE). Esencialmente, éste consiste en utilizar un algoritmo híbrido de optimización, primero para encontrar un estado estacionario del modelo, y luego para...
Persistent link: https://www.econbiz.de/10005035879
This paper presents the update of the macroeconometric model used at the Bank of Spain for medium term macroeconomic forecasting, as well as for performing policy simulations. The many changes that the Spanish economy has experimented in the last years, and the new system of national accounts...
Persistent link: https://www.econbiz.de/10005022277
Se estima una NAIRU que cambia en el tiempo de acuerdo con la composición dela fuerza laboral. Bajo este enfoque la NAIRU promedio para el período 1984-2005 es 11,9%. Además, dada la existencia de metas de inflación, estimamos unacurva de Phillips ampliada con una regla de formación de...
Persistent link: https://www.econbiz.de/10005597733