Analysis of the Effects of a Negative Terms-of-Trade Shock over the Exchange Rate and Current Account in Chile
Ministry of Finance, Chile
affiliation not provided to SSRN
December 12, 2005
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, E17working papers series
Date posted: December 14, 2010
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