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Impacto de corto y mediano plazo del COVID-19 en la economía dominicana: un análisis de oferta y demanda agregada

Cruz-Rodriguez, Alexis (2021): Impacto de corto y mediano plazo del COVID-19 en la economía dominicana: un análisis de oferta y demanda agregada. Published in: Ciencia, Economía y Negocios , Vol. 5, No. 2 (July 2021): pp. 39-60.

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Abstract

The objective of this article is to illustrate the economic impact of the COVID-19 pandemic on the Dominican economy. To do this, an OA and DA model is developed for the medium term, and an IS-RM model for the short term, within the framework of the new Keynesian economy with monetary policy following a Taylor rule; the money supply is a Phillips curve. The analysis indicates that both in the short and medium term the impact of the coronavirus translates into losses in the level of production, higher levels of unemployment and depreciation of the real exchange rate. The expectations of consumers and entrepreneurs play an important role.

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