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 ...

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 ...

This paper estimates and analyzes the dynamics of trend inflation, as well as the persistence and volatility of the inflation gap, in the Pacific Alliance countries (Chile, Colombia, Mexico, and Peru). The econometric ...