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- W3044208300 abstract "The aim of this paper is to quantify the effects of an unanticipated monetary policy shock in key macroeconomic variables for the Dominican Republic. The modelling framework in the paper is based on Del Negro and Schorfheide (2004) DSGE-VAR procedure. The procedure allows the addition of theory to empirical models, characterized by a high degree of data fit. Given that the Dominican Republic’s key economic variables time series have a relative short span; this procedure represents a more suitable framework for monetary policy macroeconomic modelling as it incorporates policymaker's initial belief to the observed data. The results are aligned with macroeconomic theory and with previous empirical papers for the Dominican Republic that measure the impact of a monetary policy shock in output growth and in inflation." @default.
- W3044208300 created "2020-07-29" @default.
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- W3044208300 date "2020-01-01" @default.
- W3044208300 modified "2023-09-27" @default.
- W3044208300 title "An Econometric Analysis of a Calibrated Macroeconomic Model for the Dominican Republic: A Closer Look into Monetary Policy" @default.
- W3044208300 hasPublicationYear "2020" @default.
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