Master's thesis · 2025

¿Qué efectos tiene un shock puro de política monetaria en el consumo de los chilenos? Considerando la heterogeneidad de los agentes económicos.

[What Are the Effects of a Pure Monetary Policy Shock on Chilean Consumption? Accounting for the Heterogeneity of Economic Agents]

Luis Pino-Sandoval

Universidad de Concepción · Master in Applied Economics

Abstract

The thesis studies the response of Chilean household consumption to pure monetary policy shocks. It uses a VAR model with external instruments and examines differences by household income level.

Thesis submitted for the degree of Master in Applied Economics at Universidad de Concepción.

Keywords: Monetary policy · Chilean economy · Economic models