Paul Castillo
Pontifical Catholic University of Peru
17 Papers
35 Citations
Paul Castillo is an academic researcher from Pontifical Catholic University of Peru. The author has contributed to research in topics: Monetary policy & New Keynesian economics. The author has an hindex of 7, co-authored 17 publications. Previous affiliations of Paul Castillo include University of the Pacific (Peru).
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Papers
Does the exchange rate pass-through into prices change when inflation targeting is adopted?: the Peruvian case study between 1994 and 2007
Paul Castillo,Luís Ricardo Maertens Odria,Gabriel Rodríguez +2 more
- 01 Jan 2011
TL;DR: The authors analyzes whether the exchange rate pass-through into prices changed when the inflation targeting scheme was adopted in Peru and empirically test whether the Peruvian Central Banks decision to adopt inflation targeting in January 2002 actually had an effect on the pass through estimating a time-varying vector autoregressive model which allows for an asymmetrical estimation of the passthrough.
Does the exchange rate pass-through into prices change when inflation targeting is adopted? The Peruvian case study between 1994 and 2007
TL;DR: The authors analyzes whether the exchange rate pass-through into prices changed when the inflation targeting scheme was adopted in Peru and empirically test whether the Peruvian Central Bank's decision to adopt inflation targeting in January 2002 actually had an effect on the passthrough estimating a time-varying vector autoregressive model.
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Inflation Dynamics in the Presence of Informal Labour Markets
Paul Castillo,Carlos Montoro +1 more
TL;DR: In this article, the effects of informal labor markets on the dynamics of inflation and on the transmission of aggregate demand and supply shocks are analyzed, and it is shown that the informal economy generates a "buffer" effect that diminishes the pressure of demand shocks on inflation.
19
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An Estimated Stochastic General Equilibrium Model with Partial Dollarization: A Bayesian Approach
TL;DR: In this article, the authors developed and estimated a dynamic stochastic general equilibrium New Keynesian model of a small open economy with partial dollarization and evaluated two forms of dollarization: currency substitution (CS) and price dollarization (PD).
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Inflation, Oil Price Volatility and Monetary Policy
TL;DR: In this article, the authors characterize analytically the relation between average inflation and oil price volatility by solving the rational expectations equilibrium of the model up to second order of accuracy, and show that when oil prices are convex in oil prices, the Phillips Curve is convex, and the degree of relative price dispersion is also higher.
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