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Title:Macroeconomic impacts of external shocks and anti-shock policies in Bolivia : a CGE analysis PDF Logo
Authors:Jemio M., Luis Carlos
Wiebelt, Manfred
Issue Date:2002
Series/Report no.:Kieler Arbeitspapiere 1100
Abstract:Bolivia's mid-term growth prospects are promising but these prospects could be lost, due to social unrest and political instability, if the country does not solve its short-term economic problems, resulting from both external shocks and internal factors. Against this background, this paper analyzes whether the Bolivian economy has any possibility at all to apply anti-shock policies in order to cushion the short-term effects of shocks. For this purpose, a recursive-dynamic CGE model is described which includes both real and financial sectors and which captures the particular features that characterize the functioning of the Bolivian economy. The model is then used to evaluate the effects of external shocks and to test the effectiveness of different policies.
Subjects:macroeconomic adjustment
CGE model
Bolivia
JEL:O54
E63
C68
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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