Dirty Float, Commodity Prices, and Macroeconomic Fluctuations: A Model for Peru

dc.contributor.authorMendoza, Waldo
dc.contributor.authorVilca, Rafael
dc.date.accessioned2025-06-02T17:08:26Z
dc.date.issued2024-12-27
dc.description.abstractThis paper presents a macroeconomic model that replicates the key stylized facts of the Peruvian economy, namely the strong dependence of private investment and GDP on mineral export prices, within a framework where the Central Reserve Bank of Peru (BCRP) operates under a dirty float regime and the Ministry of Economy and Finance (MEF) follows fiscal rules that endogenize public spending. The model is designed for undergraduate students and instructors of economics and builds on the work of Dancourt (2009), Dancourt Mendoza (2016), and Mendoza (2019).en_US
dc.formatapplication/pdf
dc.identifier.doihttps://doi.org/10.18800/economia.202402.004
dc.identifier.urihttps://revistas.pucp.edu.pe/index.php/economia/article/view/31204/27513
dc.identifier.urihttp://hdl.handle.net/20.500.14657/203830
dc.language.isoeng
dc.publisherPontificia Universidad Católica del Perúen_US
dc.publisher.countryPE
dc.relation.ispartofurn:issn:2304-4306
dc.relation.ispartofurn:issn:0254-4415
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by/4.0
dc.sourceEconomía; Volume 47 Issue 94 (2024)es_ES
dc.subjectDirty floaten_US
dc.subjectCommoditiesen_US
dc.subjectMacroeconomic fluctuationsen_US
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.01
dc.titleDirty Float, Commodity Prices, and Macroeconomic Fluctuations: A Model for Peruen_US
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo

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