Madeira, Carlos; Salazar, Leonardo - In: Latin American journal of central banking : LAJCB 4 (2023) 2, pp. 1-25
We use a factor-augmented vector autoregressive (FAVAR) model to analyze the effect of a contractionary monetary policy shock on macroeconomic aggregates and labor market indicators for different demographic groups in Chile classified by industry, age, and income quintile. Inflation is...