Working Papers N°508: Estimación de Var Bayesianos para la Economía Chilena
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Working Papers N°508: Estimación de Var Bayesianos para la Economía Chilena
Autor: Patricio Jaramillo
Description
In this paper I estimate Bayesian vector autoregressive models (BVAR) for the Chilean economy. Under this approach, I study the transmission mechanisms of the monetary policy and forecasting for the main macroeconomics variables. I contrast these results with standard VAR estimates and discuss the implications for monetary policy design.
Working Papers N°508: Estimación de Var Bayesianos para la Economía Chilena
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