Macroeconomic Effects of Loan Supply Shocks: Empirical Evidence for Peru | LAER 30
Viernes, 09 julio 2021
This paper quantifies and assesses the impact of an adverse loan supply (LS) shock on Peru’s main macroeconomic aggregates using a Bayesian vector autoregressive (BVAR) model in combination with an identification scheme with sign restrictions. The main results indicate that an adverse LS shock: (i) reduces credit and real GDP growth by 372 and 75
- Published in Revistas CIDE
Trend-cycle decomposition for Peruvian GDP: application of an alternative method | Latin American Economic Review
Jueves, 06 febrero 2014
Perron and Wada (J Monet Econ 56:749–765, 2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non-linearities and asymmetries in cycles. The method assumes that output can be
- Published in Revistas CIDE