In this paper we provide new evidence of the transmission mechanism of monetary policy in Dominican Republic using a Structural Vector Autoregressive methodology where we incorporate carefully a set of constraints on contemporary relationships composed of domestic and external variables. Using...

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...

This paper examines the role of disaster shock in a one-sector, representative agent Dynamic Stochastic General Equilibrium (DSGE) model. Firstly, we estimate a Panel Vector Autoregresive (VAR) model for output, investment, trade balance, consumption and country spread to capture the economic...