Application on structural VARs and causality
Monetary policy in Chile

Juan Guerra-Salas
December 2020

Save the folders "DATA" and "functions," and the Matlab code in the same folder.
The file Monetary_policy.m reproduces the results on monetary policy in Chile, which rely on models with one lag.
The file Monetary_policy_L2.m conducts the same computations, but for a model with two lags.