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Un Modelo de Equilibrio General Dinámico Estocástico para el análisis de la política monetaria en Bolivia

Author

Listed:
  • Sergio Cerezo Aguirre

    (Banco Central de Bolivia)

Abstract

En este trabajo se presentan simulaciones a partir de un Modelo de Equilibrio General Dinámico Estocástico calibrado para la economía boliviana con el propósito de evaluar la efectividad de la respuesta de política monetaria a shocks exógenos en las exportaciones,productividad y tasas de interés. Los resultados sugieren que ante estos shocks, una orientación monetaria que se preocupa únicamente de los desvíos de la inflación es menos exitosa para estabilizar la economía real e incluso los precios, que aquella que además considera las desviaciones del producto. Los hallazgos constatan el carácter contra cíclico de la política monetaria en Bolivia que tiene como objeto principal controlar la inflación y estabilizar el producto como uno no tan explicito.

Suggested Citation

  • Sergio Cerezo Aguirre, 2010. "Un Modelo de Equilibrio General Dinámico Estocástico para el análisis de la política monetaria en Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 13(1), pages 49-89, December.
    • Handle: RePEc:blv:journl:v:12:y:2010:i:1:p:49-89
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    More about this item

    Keywords

    modelos de equilibrio general dinámicos estocásticos para economías abiertas; rigideces nominales; mecanismos de transmisión de la política monetaria;
    All these keywords.

    JEL classification:

    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications

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