Martínez, Jefferson; Rodriguez, Gabriel - In: Latin American Economic Review 30 (2021) 1, pp. 1-24
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 with sign restrictions. The main results indicate that an adverse LS shock:...