Interdependencia y regímenes cambiarios en Mercosur: un modelo macroeconómico de equilibrio general computado para su mediciónInterdependence under different exchange rate regimes in the Mercosur. A macroeconomic computable general equilibrium modelJorge Carrera, Martín Cicowiez, Hernán Lacunza and Marcelo Saavedra MPRA Paper from University Library of Munich, Germany Abstract: Mercosur is currently going through an intermediate integration stage in which macroeconomic interdependence acquires more importance. Then, the need arises to adopt strategic definitions with regard to the future of the process itself. The study examines macroeconomic interdependence with a macroeconomic computable general equilibrium model. This enables an estimation of the sign and extent of transmission of shocks originating either in a Mercosur country or in the rest of the world. The results of the model simulations show that interdependence has important effects. We discuss the possibility of implementing a process of cooperation as an alternative to play Nash in some key policies. Keywords: exchange rate regimes; Mercosur; CGE models; shocks simulations; policy coordination; channel of transmission (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:7845 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.