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

Waldo Mendoza Bellido & Rafael Vilca

Economia2024https://doi.org/10.18800/economia.202402.004article
ABDC C
Weight
0.30

What the paper says

This 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).

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https://doi.org/https://doi.org/10.18800/economia.202402.004

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@article{waldo2024,
  title        = {{Dirty Float, Commodity Prices, and Macroeconomic Fluctuations: A Model for Peru}},
  author       = {Waldo Mendoza Bellido & Rafael Vilca},
  journal      = {Economia},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.18800/economia.202402.004},
}

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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