Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/213508 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Development Research Working Paper Series No. 07/2018
Verlag: 
Institute for Advanced Development Studies (INESAD), La Paz
Zusammenfassung (übersetzt): 
The objective of this paper is to evaluate the cyclical behavior of the Bolivian economy based on a Markov-Switching Dynamic General Equilibrium model (MS-DSGE). Using a model for a small open economy, with monetary targeting and foreign-exchange intervention, results of Bayesian estimation provide evidence that some structural parameters of the model, such as the coefficients of the Central Bank's reaction function, experienced a change of regime in 2000-2017. A similar behavior could also be verified for the volatilities of the structural shocks experienced by the Bolivian economy in that period.
Schlagwörter: 
Economic fluctuations
DSGE Model
Markov Switching
Bayesian Estimation
JEL: 
E3
E6
Dokumentart: 
Working Paper

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