Cuadernos de Investigación Económica Boliviana (2023) Vol. 6(2), 62-83
Resumen
This paper analyzes the macroeconomic impacts of geopolitical risk shocks on Bolivia, Chile, and Peru, employing Bayesian Structural Vector Autoregressive (BSVAR) models. Geopolitical risk shocks significantly raise inflation and interest rates in Chile and Peru, with food and energy inflation being the most affected, while Bolivia shows resilience, presumably due to its distinct economic framework. Commodity prices, particularly energy and agriculture, experience persistent impacts, highlighting the importance of commodity-specific dynamics.