Buscar recursos académicos

This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be...

This paper studies the interest-rate-driven business cycles of a small open economy (SOE). For than end a costly operated banking system is added to the standard real-business-cycles model. Banks are the only domestic ag...

Se presenta una guía para resolver y estudiar modelos de expectativas racionales dinámicas lineales (LDRE). Luego de codificar el modelo, se aplica una function simple para log-linealizarlo; simular los efectos de seri...

This paper follows the rational political budget cycle approach, ,extending it in two directions. First, it considers an open economy, to formalize the implications of political budget cycles for nominal exchange rates. ...