Alba, Carlos; Cuadra, Gabriel; Ibarra-Ramírez, Raúl - 2023
pandemic on financial conditions. For this purpose, we estimate a factoraugmented vector autoregressive (FAVAR) model for the … period 2001-2021. Based on this model, we construct a financial conditions index, estimate the response of this indicator and … contributed to improve financial conditions. In particular, we find that if these measures had not been implemented, the sovereign …