El modelo de proyección macroeconómica (MoP) del Banco Central de Costa Rica

Abstract

In every central bank, macroeconomic modeling is a continuous process, which seeks to incorporate advances in knowledge and the reality of the economy into the analysis and projection tools. In the case of Costa Rica, the macroeconomic model has been adapted to the changes that the Central Bank has progressively adopted, first in the flexibility of the exchange rate scheme, and later with the adoption of an inflation target regime. The macroeconomic projection model (MoP) presented here is one of the main tools that allows the evaluation of the quarterly projection exercise carried out by the BCCR.