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Analysis of the Effects of a Negative Terms-of-Trade Shock over the Exchange Rate and Current Account in Chile


Mario Arend


Ministry of Finance, Chile

Vivian Norambuena


affiliation not provided to SSRN
December 12, 2005


Abstract:     
In this paper we investigate the effects of a negative term-of-trade shock over the exchange rate and current account in Chile. The work is based on a macro-econometric model that belongs to the family of Keynesian macroeconomic models, which is characterized by nominal rigidities. The results obtained in the simulation match the theory and do not show significant differences with micro-founded models.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 22

Keywords: Modelo Macro-Econometrico, Cuenta Corriente, Tipo de Cambio Real, Términos de Intercambio, Simulación

JEL Classification: E12, E17

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Date posted: December 14, 2010  

Suggested Citation

Arend, Mario and Norambuena, Vivian, Analysis of the Effects of a Negative Terms-of-Trade Shock over the Exchange Rate and Current Account in Chile (December 12, 2005). Available at SSRN: http://ssrn.com/abstract=1724459 or http://dx.doi.org/10.2139/ssrn.1724459

Contact Information

Mario Arend (Contact Author)
Ministry of Finance, Chile ( email )
Teatinos 120
Santiago, 8340487
Chile
Vivian Norambuena
affiliation not provided to SSRN ( email )
Feedback to SSRN (Beta)


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