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Measuring national policy impacts in a region: SAMBA+REG
- Source :
- Estudos Econômicos, Vol 53, Iss 4 (2023)
- Publication Year :
- 2023
- Publisher :
- Universidade de São Paulo, 2023.
-
Abstract
- This article presents an empirical methodology for analyzing the propagation of aggregate shocks across regions. While focusing on the specific case of Brazil and Ceará, the proposed methodology can be easily adapted to examine other regions as well. We develop a dynamic model, termed SAMBA+REG, which complements the Central Bank of Brazil’s dynamic stochastic general equilibrium model (SAMBA) by incorporating regional elements. This theoretical framework allows us to explore how aggregate shocks impact a specific region. We conduct simulations using fiscal and monetary shocks and the results align with the existing literature. SAMBA+REG not only facilitates the evaluation of the effects of central government economic policies on a regional economy, but also offers insights into various strategies for state governments to respond effectively to these policies.
- Subjects :
- SAMBA
DSGE models
Regional economics
Economics as a science
HB71-74
Subjects
Details
- Language :
- English, Portuguese
- ISSN :
- 01014161 and 19805357
- Volume :
- 53
- Issue :
- 4
- Database :
- Directory of Open Access Journals
- Journal :
- Estudos Econômicos
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.516ab45ac94460e9f90f45d046a4c2b
- Document Type :
- article