{
  "record_id": "irf_v64_us_hike_200_cl",
  "model": {
    "name": "global_macro",
    "engine": "global_macro_v64",
    "contract": "v6.4"
  },
  "question": "US policy rate +200bp",
  "shock": {
    "id": "us_hike_200",
    "spec": {
      "monetary": {
        "US": 200.0
      }
    },
    "units": {
      "monetary": "bp_deviation"
    },
    "held_fixed": {
      "oil": 80.0,
      "metals": 0.0,
      "risk_premium": 0.0,
      "vix": 15.0,
      "housing": {},
      "fiscal": {},
      "tfp": {},
      "bank_equity": {},
      "equity": {},
      "sovereign_spread": {},
      "bilateral_tariffs": []
    }
  },
  "country": {
    "iso2": "CL",
    "name": "Chile"
  },
  "horizon": {
    "freq": "Q",
    "n": 20
  },
  "series": {
    "Y": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.00182,
        -0.002633,
        -0.004923,
        -0.009229,
        -0.015812,
        -0.024226,
        -0.033753,
        -0.043916,
        -0.052529,
        -0.059026,
        -0.062793,
        -0.063869,
        -0.06257,
        -0.059318,
        -0.05456,
        -0.048735,
        -0.042253,
        -0.035481,
        -0.028736,
        -0.022276
      ]
    },
    "C": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.002365,
        -0.004248,
        -0.005079,
        -0.006018,
        -0.008095,
        -0.011524,
        -0.015988,
        -0.021098,
        -0.025025,
        -0.027881,
        -0.02976,
        -0.030735,
        -0.030825,
        -0.030047,
        -0.028456,
        -0.026157,
        -0.023299,
        -0.020056,
        -0.01661,
        -0.013131
      ]
    },
    "pi_cpi": {
      "unit": "pp_dev",
      "path": [
        0.018611,
        0.028478,
        0.025009,
        0.019733,
        0.016306,
        0.0151,
        0.015527,
        0.016911,
        0.008704,
        -0.000249,
        -0.006986,
        -0.011089,
        -0.013039,
        -0.013493,
        -0.013022,
        -0.012047,
        -0.010851,
        -0.00961,
        -0.008428,
        -0.007356
      ]
    },
    "i": {
      "unit": "pp_dev",
      "path": [
        0.0134,
        0.032646,
        0.046707,
        0.054167,
        0.057074,
        0.057795,
        0.058035,
        0.058747,
        0.053091,
        0.041228,
        0.02592,
        0.010031,
        -0.004392,
        -0.016227,
        -0.025081,
        -0.031045,
        -0.034477,
        -0.03585,
        -0.035657,
        -0.034352
      ]
    },
    "RER": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.09544,
        0.198132,
        0.261128,
        0.307098,
        0.350547,
        0.399005,
        0.455419,
        0.5204,
        0.541998,
        0.53739,
        0.5175,
        0.489268,
        0.457012,
        0.423377,
        0.389946,
        0.357641,
        0.326983,
        0.298235,
        0.271513,
        0.246836
      ]
    },
    "P_H": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.000574,
        -0.001643,
        -0.0033,
        -0.005688,
        -0.009025,
        -0.013491,
        -0.019176,
        -0.026106,
        -0.03381,
        -0.041763,
        -0.049438,
        -0.056412,
        -0.062385,
        -0.067169,
        -0.070671,
        -0.072868,
        -0.073802,
        -0.073556,
        -0.072252,
        -0.070032
      ]
    },
    "Q_B": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.055833,
        -0.136023,
        -0.194611,
        -0.225695,
        -0.237807,
        -0.240813,
        -0.241813,
        -0.244778,
        -0.221212,
        -0.171784,
        -0.108,
        -0.077514,
        -0.059849,
        0.067612,
        0.104505,
        0.129354,
        0.143653,
        0.149376,
        0.148572,
        0.143133
      ]
    },
    "equity": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.020208,
        -0.048482,
        -0.086293,
        -0.133524,
        -0.19,
        -0.254103,
        -0.32368,
        -0.397193,
        -0.35819,
        -0.32433,
        -0.292731,
        -0.262328,
        -0.232833,
        -0.204267,
        -0.176777,
        -0.150568,
        -0.125874,
        -0.102922,
        -0.08192,
        -0.063026
      ]
    },
    "y2": {
      "unit": "pp_dev",
      "path": [
        0.047321,
        0.052283,
        0.053355,
        0.050757,
        0.04524,
        0.037557,
        0.028304,
        0.017914,
        0.006691,
        -0.004255,
        -0.01389,
        -0.021587,
        -0.027135,
        -0.030626,
        -0.032333,
        -0.032607,
        -0.031811,
        -0.030276,
        -0.028286,
        -0.026066
      ]
    },
    "y5": {
      "unit": "pp_dev",
      "path": [
        0.014588,
        0.012302,
        0.009175,
        0.005476,
        0.001534,
        -0.002429,
        -0.006316,
        -0.010112,
        -0.013855,
        -0.017239,
        -0.019964,
        -0.021867,
        -0.022929,
        -0.023229,
        -0.022902,
        -0.022101,
        -0.020973,
        -0.019648,
        -0.018229,
        -0.016795
      ]
    },
    "y10": {
      "unit": "pp_dev",
      "path": [
        -0.000408,
        -0.000894,
        -0.00185,
        -0.003146,
        -0.004618,
        -0.006152,
        -0.007694,
        -0.009232,
        -0.01078,
        -0.012178,
        -0.013272,
        -0.013978,
        -0.014281,
        -0.01422,
        -0.013859,
        -0.013274,
        -0.012538,
        -0.011716,
        -0.010858,
        -0.010004
      ]
    },
    "N": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.0,
        -8.3e-05,
        -0.000461,
        -0.001425,
        -0.003271,
        -0.006142,
        -0.009988,
        -0.01467,
        -0.020013,
        -0.025654,
        -0.031091,
        -0.035871,
        -0.039658,
        -0.042244,
        -0.04354,
        -0.043554,
        -0.042375,
        -0.040152,
        -0.037071,
        -0.03334
      ]
    },
    "w": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.0,
        0.0025,
        0.008301,
        0.016198,
        0.024918,
        0.033644,
        0.041989,
        0.04985,
        0.057267,
        0.062993,
        0.065961,
        0.065669,
        0.062139,
        0.055745,
        0.047058,
        0.036717,
        0.025349,
        0.01352,
        0.001714,
        -0.009679
      ]
    },
    "I": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.025197,
        -0.057144,
        -0.086099,
        -0.111304,
        -0.136277,
        -0.162621,
        -0.190626,
        -0.220634,
        -0.234563,
        -0.232704,
        -0.217468,
        -0.193909,
        -0.166266,
        -0.1375,
        -0.109463,
        -0.083228,
        -0.059372,
        -0.038161,
        -0.01969,
        -0.003933
      ]
    },
    "K": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.000126,
        -0.000412,
        -0.000842,
        -0.001399,
        -0.00208,
        -0.002893,
        -0.003846,
        -0.00495,
        -0.006122,
        -0.007286,
        -0.008373,
        -0.009343,
        -0.010174,
        -0.010862,
        -0.011409,
        -0.011825,
        -0.012122,
        -0.012313,
        -0.012411,
        -0.012431
      ]
    },
    "Q": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.017638,
        -0.040001,
        -0.06027,
        -0.077913,
        -0.095394,
        -0.113835,
        -0.133438,
        -0.154444,
        -0.164194,
        -0.162893,
        -0.152228,
        -0.135736,
        -0.116386,
        -0.09625,
        -0.076624,
        -0.05826,
        -0.04156,
        -0.026713,
        -0.013783,
        -0.002753
      ]
    },
    "G": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.000319,
        0.000433,
        0.00072,
        0.001213,
        0.001905,
        0.002732,
        0.003629,
        0.004576,
        0.005231,
        0.005601,
        0.005708,
        0.005621,
        0.005394,
        0.005058,
        0.004629,
        0.004124,
        0.003561,
        0.002959,
        0.002344,
        0.001739
      ]
    },
    "B": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.0,
        -4.2e-05,
        -0.000238,
        -0.000753,
        -0.001772,
        -0.003414,
        -0.005713,
        -0.008646,
        -0.012159,
        -0.016094,
        -0.020194,
        -0.0242,
        -0.027884,
        -0.031068,
        -0.033624,
        -0.035477,
        -0.036597,
        -0.036995,
        -0.036715,
        -0.035826
      ]
    },
    "NX": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.01448,
        0.029906,
        0.039347,
        0.046112,
        0.052276,
        0.058938,
        0.066608,
        0.075479,
        0.077674,
        0.075962,
        0.072206,
        0.067581,
        0.062746,
        0.058029,
        0.053569,
        0.049405,
        0.045533,
        0.041933,
        0.038582,
        0.035462
      ]
    },
    "pi": {
      "unit": "pp_dev",
      "path": [
        0.013028,
        0.019935,
        0.017506,
        0.013813,
        0.011414,
        0.01057,
        0.010869,
        0.011838,
        0.006093,
        -0.000174,
        -0.00489,
        -0.007762,
        -0.009128,
        -0.009445,
        -0.009115,
        -0.008433,
        -0.007595,
        -0.006727,
        -0.005899,
        -0.005149
      ]
    },
    "mc": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.001092,
        -0.001578,
        -0.002948,
        -0.005521,
        -0.009453,
        -0.014476,
        -0.020163,
        -0.026229,
        -0.031365,
        -0.035232,
        -0.03747,
        -0.038102,
        -0.03732,
        -0.035375,
        -0.032533,
        -0.029055,
        -0.025186,
        -0.021144,
        -0.017118,
        -0.013262
      ]
    },
    "unemployment": {
      "unit": "pp_dev",
      "path": [
        0.000177,
        0.000387,
        0.000764,
        0.001462,
        0.002617,
        0.00429,
        0.006453,
        0.00904,
        0.011792,
        0.014459,
        0.016798,
        0.018634,
        0.019866,
        0.020462,
        0.020441,
        0.01986,
        0.0188,
        0.017358,
        0.015636,
        0.013734
      ]
    },
    "credit_supply": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.0,
        -1e-05,
        -5.6e-05,
        -0.000174,
        -0.000404,
        -0.00077,
        -0.001276,
        -0.001911,
        -0.002666,
        -0.003494,
        -0.004321,
        -0.005081,
        -0.005726,
        -0.006229,
        -0.006581,
        -0.006788,
        -0.006862,
        -0.00682,
        -0.006683,
        -0.00647
      ]
    },
    "lending_spread": {
      "unit": "pp_dev",
      "path": [
        0.0,
        0.0,
        1e-06,
        4e-06,
        1e-05,
        1.9e-05,
        3.2e-05,
        4.7e-05,
        6.6e-05,
        8.7e-05,
        0.000107,
        0.000126,
        0.000142,
        0.000155,
        0.000164,
        0.000169,
        0.00017,
        0.000169,
        0.000166,
        0.000161
      ]
    },
    "gdp_services": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.001101,
        -0.001593,
        -0.002978,
        -0.005584,
        -0.009566,
        -0.014656,
        -0.02042,
        -0.026569,
        -0.03178,
        -0.03571,
        -0.03799,
        -0.038641,
        -0.037855,
        -0.035887,
        -0.033009,
        -0.029485,
        -0.025563,
        -0.021466,
        -0.017385,
        -0.013477
      ]
    },
    "gdp_manufacturing": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.02896,
        -0.059874,
        -0.079031,
        -0.093256,
        -0.106892,
        -0.122145,
        -0.139846,
        -0.160159,
        -0.167143,
        -0.165969,
        -0.159959,
        -0.151282,
        -0.141296,
        -0.130826,
        -0.120361,
        -0.110184,
        -0.100462,
        -0.091289,
        -0.082717,
        -0.074773
      ]
    },
    "r": {
      "unit": "pp_dev",
      "path": [
        0.00335,
        0.008161,
        0.011677,
        0.013542,
        0.014268,
        0.014449,
        0.014509,
        0.014687,
        0.013273,
        0.010307,
        0.00648,
        0.002508,
        -0.001098,
        -0.004057,
        -0.00627,
        -0.007761,
        -0.008619,
        -0.008963,
        -0.008914,
        -0.008588
      ]
    },
    "bank_equity": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.0,
        -1.3e-05,
        -6.9e-05,
        -0.000213,
        -0.000494,
        -0.000942,
        -0.00156,
        -0.002338,
        -0.003261,
        -0.004274,
        -0.005286,
        -0.006215,
        -0.007004,
        -0.007619,
        -0.00805,
        -0.008303,
        -0.008393,
        -0.008343,
        -0.008175,
        -0.007915
      ]
    },
    "vix": {
      "unit": "index_level",
      "path": [
        15.010938,
        15.044417,
        15.116659,
        15.236153,
        15.405954,
        15.607039,
        15.817952,
        16.031789,
        16.14995,
        16.247671,
        16.292111,
        16.28033,
        16.222364,
        16.132143,
        16.023045,
        15.906065,
        15.789377,
        15.678472,
        15.576696,
        15.485745
      ]
    },
    "y3m": {
      "unit": "pp_dev",
      "path": [
        0.0134,
        0.032646,
        0.046707,
        0.054167,
        0.057074,
        0.057795,
        0.058035,
        0.058747,
        0.053091,
        0.041228,
        0.02592,
        0.010031,
        -0.004392,
        -0.016227,
        -0.025081,
        -0.031045,
        -0.034477,
        -0.03585,
        -0.035657,
        -0.034352
      ]
    },
    "y30": {
      "unit": "pp_dev",
      "path": [
        -0.00068,
        -0.000781,
        -0.001044,
        -0.001427,
        -0.001875,
        -0.002349,
        -0.002832,
        -0.003319,
        -0.003815,
        -0.004265,
        -0.004619,
        -0.004846,
        -0.004942,
        -0.004919,
        -0.004797,
        -0.004602,
        -0.004356,
        -0.004081,
        -0.003793,
        -0.003504
      ]
    },
    "Q_B_3m": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.00335,
        -0.008161,
        -0.011677,
        -0.013542,
        -0.014268,
        -0.014449,
        -0.014509,
        -0.014687,
        -0.013273,
        -0.010307,
        -0.00648,
        -0.002508,
        0.001098,
        0.004057,
        0.00627,
        0.007761,
        0.008619,
        0.008963,
        0.008914,
        0.008588
      ]
    },
    "Q_B_2y": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.08991,
        -0.099337,
        -0.101375,
        -0.096438,
        -0.085956,
        -0.071358,
        -0.053778,
        -0.034038,
        -0.012712,
        0.008085,
        0.026391,
        0.041016,
        0.051557,
        0.05819,
        0.061433,
        0.061954,
        0.06044,
        0.057525,
        0.053744,
        0.049526
      ]
    },
    "Q_B_5y": {
      "unit": "pct_dev_from_baseline",
      "path": [
        -0.065646,
        -0.055358,
        -0.041289,
        -0.024644,
        -0.006905,
        0.010932,
        0.02842,
        0.045505,
        0.062349,
        0.077575,
        0.089837,
        0.098403,
        0.10318,
        0.10453,
        0.103059,
        0.099455,
        0.09438,
        0.088415,
        0.082029,
        0.075577
      ]
    },
    "Q_B_10y": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.003342,
        0.00733,
        0.015169,
        0.025798,
        0.037867,
        0.050445,
        0.063088,
        0.075703,
        0.088393,
        0.099858,
        0.108834,
        0.114621,
        0.117108,
        0.116604,
        0.113645,
        0.108849,
        0.102816,
        0.096068,
        0.089032,
        0.082032
      ]
    },
    "Q_B_30y": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.012232,
        0.014055,
        0.018801,
        0.025695,
        0.033751,
        0.042288,
        0.050978,
        0.059749,
        0.068667,
        0.076776,
        0.083138,
        0.087231,
        0.088961,
        0.08854,
        0.08635,
        0.08283,
        0.078406,
        0.07345,
        0.068266,
        0.063081
      ]
    },
    "NEER": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.021164,
        -0.020327,
        -0.066186,
        -0.100873,
        -0.135838,
        -0.176678,
        -0.225499,
        -0.28273,
        -0.334394,
        -0.36034,
        -0.369917,
        -0.369069,
        -0.361635,
        -0.350119,
        -0.336168,
        -0.320863,
        -0.304917,
        -0.288789,
        -0.272781,
        -0.25709
      ]
    },
    "USD": {
      "unit": "pct_dev_from_baseline",
      "path": [
        0.1018,
        0.222061,
        0.317506,
        0.413532,
        0.526574,
        0.665365,
        0.833508,
        1.031951,
        1.151601,
        1.216886,
        1.244536,
        1.246276,
        1.230311,
        1.202399,
        1.1666,
        1.125792,
        1.082048,
        1.036826,
        0.991186,
        0.945896
      ]
    },
    "P_energy": {
      "unit": "USD/bbl (level)",
      "path": [
        80.0,
        79.997803,
        79.989247,
        79.970281,
        79.937896,
        79.893473,
        79.841372,
        79.785224,
        79.727152,
        79.673765,
        79.633669,
        79.61139,
        79.607213,
        79.618662,
        79.642,
        79.673289,
        79.708984,
        79.746216,
        79.782836,
        79.817352
      ]
    },
    "P_metals": {
      "unit": "index (level)",
      "path": [
        100.0,
        99.999122,
        99.995574,
        99.987392,
        99.972963,
        99.952678,
        99.928524,
        99.902409,
        99.875656,
        99.851587,
        99.834254,
        99.825646,
        99.825688,
        99.833018,
        99.845735,
        99.861905,
        99.879829,
        99.898163,
        99.915917,
        99.932416
      ]
    },
    "P_food": {
      "unit": "index (level)",
      "path": [
        100.0,
        99.998781,
        99.993828,
        99.982387,
        99.962173,
        99.933405,
        99.898352,
        99.859332,
        99.818052,
        99.778768,
        99.747013,
        99.726195,
        99.717267,
        99.719392,
        99.730712,
        99.748968,
        99.771894,
        99.797454,
        99.823942,
        99.850017
      ]
    },
    "P_gas": {
      "unit": "USD/mmBtu (level)",
      "path": [
        4.0,
        3.999834,
        3.999191,
        3.997767,
        3.99534,
        3.992013,
        3.988113,
        3.983907,
        3.97955,
        3.975534,
        3.972501,
        3.970794,
        3.970436,
        3.971244,
        3.972941,
        3.975235,
        3.977861,
        3.980607,
        3.983313,
        3.985869
      ]
    },
    "P_copper": {
      "unit": "index (level)",
      "path": [
        100.0,
        99.99929,
        99.996433,
        99.989863,
        99.978292,
        99.962058,
        99.942781,
        99.921982,
        99.9007,
        99.881609,
        99.867971,
        99.861348,
        99.861623,
        99.867647,
        99.877862,
        99.890707,
        99.904833,
        99.919192,
        99.933026,
        99.945832
      ]
    },
    "P_wheat": {
      "unit": "index (level)",
      "path": [
        100.0,
        99.999344,
        99.996733,
        99.990831,
        99.98063,
        99.966504,
        99.949867,
        99.932028,
        99.913879,
        99.897637,
        99.886046,
        99.880511,
        99.881059,
        99.886815,
        99.896483,
        99.908694,
        99.922196,
        99.935964,
        99.949215,
        99.961392
      ]
    },
    "P_gold": {
      "unit": "USD/oz (level)",
      "path": [
        1997.968843,
        1996.064937,
        1995.578599,
        1996.804017,
        1999.948154,
        2004.065113,
        2008.089333,
        2011.728047,
        2024.230459,
        2034.612549,
        2041.287082,
        2044.242372,
        2044.138756,
        2041.824881,
        2038.102258,
        2033.629617,
        2028.901942,
        2024.260323,
        2019.922318,
        2016.010146
      ]
    }
  },
  "summary": {
    "GDP_peak_pct": -0.0639,
    "GDP_peak_quarter": 12,
    "CPI_3yr_pp": 0.1461,
    "CPI_3yr_definition": "sum of quarterly pi_cpi IRF over Q1\u2013Q12",
    "equity_peak_pct": -0.3972,
    "equity_peak_quarter": 8
  },
  "qa_checks": {
    "json_matches_peaks": true,
    "complete_q1_q20": true,
    "no_nan": true,
    "rer_sign": "increase=real_depreciation",
    "ok": true,
    "reasons": []
  }
}