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Estimación de Var Bayesianos para la Economía Chilena

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Author Info
Patricio Jaramillo

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Abstract

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.

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Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 508.

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Date of creation: Dec 2008
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Handle: RePEc:chb:bcchwp:508

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