Andres-Escayola, Erik; Berganza, Juan Carlos; Campos, … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-23
This paper describes the set of Bayesian vector autoregression (BVAR) models that Banco de España uses to project GDP growth rates and to simulate macrofinancial risk scenarios for Brazil and Mexico. The toolkit consists of large benchmark models to produce baseline projections and various...