Mario Arend
5 Papers
8 Citations
Mario Arend is an academic researcher. The author has contributed to research in topics: Interest rate & New Keynesian economics. The author has an hindex of 1, co-authored 5 publications.
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Papers
Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature
TL;DR: In this paper, the authors compare and contrast different ways of modeling financial shocks and financial intermediaries in the Dynamic Stochastic General Equilibrium models (DSGE models) and discuss the empirical evidence on the importance of modelling financial sector and financial shocks in the economy.
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Análisis para Chile del efecto de un shock adverso de términos de intercambio sobre el tipo de cambio y la cuenta corriente
Mario Arend,Vivian Norambuena +1 more
TL;DR: In this paper, the effects of a negative term-of-trade shock over the real exchange rate and current account in Chile were investigated based on a macro-econometric model that belongs to the family of Keynesian macroeconomic models, characterized by nominal rigidities.
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Análisis para Chile del efecto de un shock adverso de términos de intercambio sobre el tipo de cambio y la cuenta corriente [Analysis of the Effects of a Negative Terms-of-Trade Shock over the Real Exchange Rate and Current Account in Chile]
Mario Arend,Vivian Norambuena +1 more
- 01 Jan 2005
TL;DR: In this article, the effects of a negative term-of-trade shock over the real exchange rate and current account in Chile were investigated based on a macro-econometric model that belongs to the family of Keynesian macroeconomic models, characterized by nominal rigidities.
A Small Open Economy with Heterogenous Agents Facing Interest Rate Ceilings on Loans
TL;DR: In this paper, the authors explore the effects of interest rate ceilings in a small open economy and show that they are effective at reducing high risk debt in the financial system and that the cost on consumption of reducing this risk is minimum.
An Analytical Solution for the Interest Rate Reaction Function in a Neo- Keynesian Economy Using the Undetermined Coefficients Method
TL;DR: In this article, the undetermined coefficients method is used to solve the Central Bank optimization problem in a neo-keynesian economy, and the advantage of using this method is that it provides a theory as to how rational expectations are constructed, and how shocks in the economy are propagated, in order to find an analytical solution for the interest rate reaction function in an economy with a forward-looking behavior.