Sensibilidad de la heterogeneidad del consumo a los choques de política monetaria. El caso peruano

Abstract

This paper seeks to answer the effects of monetary policy on family consumption using the National Household Survey (ENAHO) as a database. To do this, a panel data model is estimated for the period 2016 2019; as well as the use of the VAR panel methodology with a quarterly periodicity between 2013 and 2020. In both it is observed that there is a degree of significance of these shocks on the consumption of families, also verifying that under the inclusion of certain variables of control, as well as of the main macroeconomic variables, greater robustness of the monetary policy is generated.