Sáez, Francisco; Alvarez, Fernando; Morales, Jesús; … - In: Ensayos Económicos 1 (2011) 63, pp. 97-147
This paper presents a stochastic dynamic general equilibrium model calibrated for Venezuela that incorporates inter-sectorial relationships. With this model it is possible to assess the impact on the aggregate economic activity generated by productivity shocks or demand shocks to a specific...