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Efectividad de la política monetaria en algunas economías latinoamericanas

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Abstract

El objetivo de este artículo es realizar estimaciones de un modelo keynesiano simple de equilibrio general Monacelli (2003) para caracterizar la efectividad y los mecanismos de transmisión de la política monetaria en países latinoamericanos. Se estiman los parámetros por medio de métodos bayesianos para seis países latinoamericanos. Para estos países existe poca evidencia hasta el momento de la utilización de métodos bayesianos en modelos DSGE, por lo que esta artículo constituye un aporte para el mejor entendimiento de las economías latinoamericanas, por medio de los cuales se establecen las diferencias existentes en el mecanismo de transmisión de la política monetaria, siendo esto debido a la heterogeneidad en los parámetros que caracterizan a las economías de la región.

Suggested Citation

  • Carlos Garcia & Wildo Gonzalez, 2007. "Efectividad de la política monetaria en algunas economías latinoamericanas," ILADES-UAH Working Papers inv194, Universidad Alberto Hurtado/School of Economics and Business.
    • Handle: RePEc:ila:ilades:inv194
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    Keywords

    Economía Pequeña y Abierta; Métodos Bayesianos; Transmisión Política Monetaria.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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