“Acelerador financiero, impacto del precio del gas”

A general equilibrium model was developed for a small and open economy with financial frictions in order to analyze the effects of monetary policy and fiscal policy in Bolivia on certain variables such as: GDP, Consumption, Investment, interest rates Inflation The results were obtained from cyclical contraction effects of the Taylor rule on inflation. The estimation was made for the time periods 2000 - 2005 and 2006 - 2015 through Bayesian econometrics. A different response is evident in both periods of time, in fiscal spending and the price of natural gas.