Estimación de VAR Bayesianos para la Economía Chilena

  • Patricio Jaramillo G. Departamento de Estudios Superintendencia de Bancos e Instituciones Financieras

Abstract

In this paper Bayesian Vector Autoregression (BVAR) models are estimated for the Chilean economy. Under this approach, the transmission mechanisms of monetary policy and forecast exercises are studied and evaluated for the main macroeconomic variables. Then, the results are contrasted with the standard VAR models presented in the previous literature for the case of Chile and the implications for the monetary policy design are discussed.
How to Cite
Jaramillo G., P. (1). Estimación de VAR Bayesianos para la Economía Chilena. Economic Analysis Review, 24(1), 101-126. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/89
Issue
Vol. 24 No. 1 (2009)
Section
Articles

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