Is there space for anti-shock policies in Bolivia?: Lessons from an analysis based on a computable general equilibrium model.
DOI:
https://doi.org/10.35319/lajed.20031336Keywords:
Bolivian economy, Shocks, CGEM, Economic growthAbstract
Bolivia's medium-term growth prospects are promising, but they could be lost due to social unrest and political instability if the country does not solve its short-term economic problems, resulting both from external shocks and internal factors. Considering this scenario, this document analyzes the possibilities of the Bolivian economy to apply anti-shock policies in order to mitigate the short-term effects of the shocks. For this purpose, a recursive-dynamic computable general equilibrium (CGEM) model is described that includes the real and financial sectors and captures the particular aspects that characterize the functioning of the Bolivian economy. The model is used both to evaluate the effects of external shocks and to test the effectiveness of different policies.Downloads
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