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Trend-cycle decomposition for Peruvian GDP: application of an alternative method
(Centro de Investigación y Docencia Económicas, 2014-02-06)
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 ...
Macroeconomic effects of loan supply shocks: empirical evidence for Peru
(Centro de Investigación y Docencia Económicas, 2021-07-09)
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 ...