Arroyo Marioli, Francisco; Becerra Cartes, Juan Sebastián - In: Latin American journal of central banking : LAJCB 3 (2022) 2, pp. 1-18
In this paper, we estimate a semi-structural model with a banking sector for the Chilean economy. Our innovation consists of incorporating a system of equations that reflects the dynamics of credit, interest rate spreads, and loan-loss provisions to the Central Bank of Chile's semi-structural...