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Dynamic Spillovers of Economic Policy Uncertainty: A TVP-VAR Analysis of Latin American and Global EPU Indices

dc.contributor.authorMarín-Rodríguez N.J
dc.contributor.authorGonzález-Ruíz J.D
dc.contributor.authorBotero S.
dc.date.accessioned2025-04-28T22:10:48Z
dc.date.available2025-04-28T22:10:48Z
dc.date.created2025
dc.identifier.issn22277099
dc.identifier.urihttp://hdl.handle.net/11407/8907
dc.descriptionThis study examines the dynamic interconnectedness of economic policy uncertainty (EPU) among Latin American economies—Brazil, Chile, Colombia, and Mexico—and significant international regions, including the United States, Europe, and Japan, as well as a global EPU index. Using a Time-Varying Parameter Vector Autoregressive (TVP-VAR) model with monthly data, this study reveals the evolving spillover effects and dependencies capturing how uncertainty in one market can transmit across others on both regional and global scales. The findings highlight the significant impact of external EPU, particularly from the U.S. and global EPU sources on Latin America, positioning it as a primary recipient of international uncertainty. These results underscore the need for Latin American economies to adopt resilience strategies—such as trade diversification and regional cooperation—to mitigate vulnerabilities to global shocks. This study offers valuable insights into the mechanisms of economic uncertainty transmission, guiding policymakers in developing coordinated responses to reduce the effects of external volatility and foster regional economic stability. © 2025 by the authors.
dc.language.isoeng
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85215671700&doi=10.3390%2feconomies13010011&partnerID=40&md5=4bae97ab110d20b75bf73e39cd26c59f
dc.sourceEconomies
dc.sourceEconomies
dc.sourceScopus
dc.subjectEconomic policy uncertainty (EPU)
dc.subjectInternational economic interdependencies
dc.subjectLatin American economies
dc.subjectSpillover effects
dc.subjectTime-Varying Parameter Vector Autoregressive (TVP-VAR)
dc.subjectEconomic policy uncertainty (EPU)
dc.subjectInternational economic interdependencies
dc.subjectLatin American economies
dc.subjectSpillover effects
dc.subjectTime-Varying Parameter Vector Autoregressive (TVP-VAR)
dc.titleDynamic Spillovers of Economic Policy Uncertainty: A TVP-VAR Analysis of Latin American and Global EPU Indices
dc.typeArticle
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programIngeniería Financiera
dc.type.spaArtículo revisado por pares
dc.identifier.doi10.3390/economies13010011
dc.relation.citationvolume13
dc.relation.citationissue1
dc.publisher.facultyFacultad de Ingenierías
dc.affiliationMarín-Rodríguez, N.J., Grupo de Investigación en Ingeniería Financiera GINIF, Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellin, 050026, Colombia
dc.affiliationGonzález-Ruíz, J.D., Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia—Sede Medellín, Medellin, 050034, Colombia
dc.affiliationBotero, S., Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Sede Medellin, Medellín, 050034, Colombia
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dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.instnameinstname:Universidad de Medellín


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