Replication Code for "The Impact of the Belt and Road Initiative on the Macroeconomic Tail Risks of Countries Along the Route: An Analysis Based on the QFAVAR Model"

The code is built based on the QFAVAR model provided by Korobilis and Schröder (2024). The impulse response results (Figures 1–6) are located in the "Forecasting" folder, and the indicator forecasting results (Figures 7–12) are available in the "Structural" folder.

本代码基于Korobilis与Schröder（2024）所提出的QFAVAR模型搭建而成。脉冲响应分析结果（图1至图6）存放于"Forecasting"文件夹内，而指标预测结果（图7至图12）则可于"Structural"文件夹中查阅。