Workshop “Macroeconomic Models for Small and Open Economies”
On May 20 and 21, 2021, the BCRA organized the Workshop “Macroeconomic Models for Small and Open Economies”, in which academics and representatives of central banks and international organizations participated. DSGE models, Consistent Stock-Flow (SFC), Supermultiplier type, dual economy and Kaldorian-inspired, constrained by the balance of payments, were presented.
Program
Thursday, May 20, 2021
10:15 – 10:30 | Opening remarks
Germán Feldman, Central Bank of the Argentine Republic.
10:30 – 11:15 | Relative Quantities and Prices in Small and Open Economies
Arslan Razmi, University of Massachusetts, Amherst.
11:15 – 12:00 | Evolution and use of structural models in the Central Bank of Chile
Mariana García-Schmidt, Central Bank of Chile.
Comments | Emiliano Libman, CONICET / University of Buenos Aires.
Friday, May 21, 2021
10:30 – 11:15 | Monetary Policy, Real Exchange Rate, and Structural Change in a Kaldorian Balance-of-Payments Constraint Model
José Luis Oreiro, University of Brasilia.
Comments | Gabriel Porcile, Economic Commission for Latin America and the Caribbean.
11:15 – 12:00 | Composition of autonomous demand and fiscal policy in a super-multiplier simulation model
Fabio Freitas, Federal University of Rio de Janeiro.
Comments | Florencia Medici, CONICET / National University of Moreno and Lucas Texeira, State University of Campinas.
12:00 – 12:45 | An empirical macroeconomic model of consistent stock flow for Argentina
Gabriel Michelena, Central Bank of the Argentine Republic.
Comments | Sebastián Valdecantos, National University of San Martín.
12:45 – 13:00 | Closing remarks
Germán Feldman, Central Bank of the Argentine Republic.