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ftorralba

Francisco M Torralba

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GVAR demonstration
This document describes how to use a GVAR model. The main uses I demonstrate are two. First, to describe the effect of identified structural shocks on economic and financial variables. Both the shocks and the outcomes can be defined at the country, regional, or global levels. Second, to produce out-of-sample forecats as well as conditional forecasts. I employ the Bayesian implementation of the GVAR model, via the R package BGVAR.