The monetary transmission mechanism in Chile: a medium-sized macroeconometric model

The objective in building and specifying macroeconomic models is to reflect the main characteristics of an economy in a stylized way. This article describes a macroeconometric model for the Chilean economy. The aim of the model is to forecast the main macroeconomic variables, along with policy exerc...

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Autores principales:	García T., Carlos, García Silva, Pablo, Magendzo W., Igal, 1970-, Restrepo L., Jorge E.
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	POLÍTICA MONETARIA MACROECONOMÍA PRONÓSTICO DE LA ECONOMÍA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3694
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spelling	oai-20.500.12580-36942021-04-24T10:29:54Z The monetary transmission mechanism in Chile: a medium-sized macroeconometric model García T., Carlos García Silva, Pablo Magendzo W., Igal, 1970- Restrepo L., Jorge E. POLÍTICA MONETARIA MACROECONOMÍA PRONÓSTICO DE LA ECONOMÍA The objective in building and specifying macroeconomic models is to reflect the main characteristics of an economy in a stylized way. This article describes a macroeconometric model for the Chilean economy. The aim of the model is to forecast the main macroeconomic variables, along with policy exercises and simulations. The different model equations describe both short-term movements within the economy and the long-term equilibrium. It is in this latter sense that the model can be described as structural. The main area interest in this kind of model involves the different dynamics of the variables, which can provide insight, for example, on the lags and magnitude of monetary policy transmission mechanisms. 2019-11-01T00:02:46Z 2019-11-01T00:02:46Z 2005 Artículo 956-7421-21-8 https://hdl.handle.net/20.500.12580/3694 eng Series on Central Banking, Analysis, and Economic Policies, no. 9 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 57-112 application/pdf CHILE Banco Central de Chile
institution	Banco Mundial
collection	Banco Mundial
language	eng
topic	POLÍTICA MONETARIA MACROECONOMÍA PRONÓSTICO DE LA ECONOMÍA
spellingShingle	POLÍTICA MONETARIA MACROECONOMÍA PRONÓSTICO DE LA ECONOMÍA García T., Carlos García Silva, Pablo Magendzo W., Igal, 1970- Restrepo L., Jorge E. The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
description	The objective in building and specifying macroeconomic models is to reflect the main characteristics of an economy in a stylized way. This article describes a macroeconometric model for the Chilean economy. The aim of the model is to forecast the main macroeconomic variables, along with policy exercises and simulations. The different model equations describe both short-term movements within the economy and the long-term equilibrium. It is in this latter sense that the model can be described as structural. The main area interest in this kind of model involves the different dynamics of the variables, which can provide insight, for example, on the lags and magnitude of monetary policy transmission mechanisms.
format	Artículo
author	García T., Carlos García Silva, Pablo Magendzo W., Igal, 1970- Restrepo L., Jorge E.
author_facet	García T., Carlos García Silva, Pablo Magendzo W., Igal, 1970- Restrepo L., Jorge E.
author_sort	García T., Carlos
title	The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
title_short	The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
title_full	The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
title_fullStr	The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
title_full_unstemmed	The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
title_sort	monetary transmission mechanism in chile: a medium-sized macroeconometric model
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3694
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The monetary transmission mechanism in Chile: a medium-sized macroeconometric model

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