Jaramillo, Patricio - In: Revista de Analisis Economico – Economic Analysis Review 24 (2009) 1, pp. 101-126
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...