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Milagro peruano: ¿buena suerte o buenas políticas?
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2013)
The Peruvian economy has performed extraordinarily over the last 10 years. The 2012 per capita GDP is 66 percent above that of 2002, and more than double its 1992 level. In a long term perspective, the cumulative growth ...
Una alternativa al IS-LM-AD-AS: El modelo IS-MR-AD-AS
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2016-12)
El modelo IS-LM-AD-AS tradicional debe ser abandonado de la enseñanza de Macroeconomía. Primero, porque las economías no retornan automáticamente al equilibrio, luego que algún choque los saca de él. Segundo, porque los ...
Teaching Modern Macroeconomics in the Mundell-Fleming Language: The IS-MPR-UIP-AD-AS Model
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2017-09)
The traditional open aggregate demand and aggregate supply model backed by the Mundell-Fleming model, together with the supply curve that relates the price level to the output gap, should be abandoned in undergraduate ...
Does the Central Bank of Peru Respond to Exchange Rate Movements? A Bayesian Estimation of a New Keynesian DSGE Model with FX Interventions
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2021-12)
This paper assess the role played by the exchange rate and FX intervention in setting monetary
policy interest rates in Peru. We estimate a Taylor rule that includes inflation, output gap and
the exchange rate using a ...