{"title":"Una ilustración en el modelo MF estocásticode Mark (2000): simulación y estimación del efecto desbordamiento","authors":"Eddy Lizarazu Alanez","doi":"10.24275/UAM/AZC/DCSH/AE/2020V35N89/LIZARAZU","DOIUrl":null,"url":null,"abstract":"By iterating the expectations, we verify that the solution of rational expectations reported by Mark (2000) is unique for the stochastic Mundell-Fleming (MF) model. In addition, with simulated data and R software, we estimate the overshooting’s Dornbusch (1976) on the stochastic MF model. In particular, the exercise suggests using some variants of the VAR estimate due to collinearity in exogenous unit root processes.","PeriodicalId":127265,"journal":{"name":"Análisis Económico","volume":"5 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Análisis Económico","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.24275/UAM/AZC/DCSH/AE/2020V35N89/LIZARAZU","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
By iterating the expectations, we verify that the solution of rational expectations reported by Mark (2000) is unique for the stochastic Mundell-Fleming (MF) model. In addition, with simulated data and R software, we estimate the overshooting’s Dornbusch (1976) on the stochastic MF model. In particular, the exercise suggests using some variants of the VAR estimate due to collinearity in exogenous unit root processes.
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