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El canal del crédito, un enfoque semi estructural

Author

Listed:
  • Bernardo S. Griffiths

    (Banco Central de Bolivia)

Abstract

El propósito de la presente investigación es modelar el canal del crédito de transmisión de la política monetaria en la economía boliviana, a través de un modelo semi estructural de brechas en el que se incluye un bloque financiero, regla de política de agregados y tipo de cambio fijo, para capturar, de mejor modo, las características de la economía boliviana. A través de este, se llega a la conclusión de que la inclusión del bloque financiero, por medio del crédito, hace más dinámica e intensa la respuesta de la política monetaria a distintos shocks, haciendo que los efectos de estos sobre la inflación se disipen antes y sean menores, mientras que son más persistentes al actuar sobre la brecha del producto.

Suggested Citation

  • Bernardo S. Griffiths, 2023. "El canal del crédito, un enfoque semi estructural," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 38(1), pages 84-122, Junuary -.
    • Handle: RePEc:blv:journl:v:38:y:2023:i:1:p:84-122
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    More about this item

    Keywords

    Política monetaria; canal del crédito; sistema financiero;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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