Bibliographic citations
Ramos, K., (2020). Análisis contrafáctico de la coordinación de política monetaria entre países de la Alianza del Pacífico ante shocks cambiarios (2011-2018) [Universidad de Lima]. https://hdl.handle.net/20.500.12724/11222
Ramos, K., Análisis contrafáctico de la coordinación de política monetaria entre países de la Alianza del Pacífico ante shocks cambiarios (2011-2018) []. PE: Universidad de Lima; 2020. https://hdl.handle.net/20.500.12724/11222
@misc{sunedu/3306141,
title = "Análisis contrafáctico de la coordinación de política monetaria entre países de la Alianza del Pacífico ante shocks cambiarios (2011-2018)",
author = "Ramos Bendezu, Karol Bianca Katherine",
publisher = "Universidad de Lima",
year = "2020"
}
In recent years, Chile, Colombia, Mexico and Peru have progressed in their process to achieve commercial and financial integration through the consolidation of agreements. In addition, they have satisfactorily faced the effects caused by exchange rate shocks. Based on that, the paper aims to analyze if countries had been better to coordinate their monetary policy decisions, so arises a counterfactual situation, which analyzed the possible effects of monetary coordination in Pacific Alliance to exchange rate shocks during 2011 and 2018. To test this, five autoregressive vectors were estimated (one per country and a simulation of the four as one). In conclusion, Pacific Alliance economies minimize the effects of exchange rate shocks when they coordinate their monetary policy responses.
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