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Central Bank Research Hub - Central Bank of Chile Working Papers



Combining Tests of Predictive Ability Theory and Evidence for Chilean and Canadian Exchange Rates.

by Pablo Pincheira459
(Feb 2008)

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2007

Copper Price, Fiscal Policy and Business Cycle in Chile

by Juan Pablo Medina; Claudio Soto458
(Dec 2007)
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The Chilean Business Cycles Through the Lens of a Stochastic General Equilibrium Model

by Juan Pablo Medina; Claudio Soto457
(Dec 2007)
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Is Ownership Structure a Determinant of Bank Efficiency?

by Rodrigo Fuentes; Marcos Vergara456
(Dec 2007)
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Estimating the Output Gap for Chile

by Rodrigo Fuentes; Fabián Gredig; Mauricio Larraín455
(Dec 2007)
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Un Nuevo Marco para la Elaboración de los Programas de Impresión y Acuñación

by Rómulo Chumacero; Claudio Pardo; David Valdés454
(Dec 2007)
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Development Paths and Dynamic Comparative Advantages: When Leamer Met Solow

by Rodrigo Fuentes; Verónica Mies453
(Dec 2007)
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Experiences With Current Account Deficits in Southeast Asia

by Ramon Moreno452
(Dec 2007)
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Asymmetric Monetary Policy Rules and the Achievement of the Inflation Target: The Case of Chile

by Fabián Gredig451
(Dec 2007)
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Current Account Deficits: The Australian Debate

by Rochelle Belkar; Lynne Cockerell; Christopher Kent450
(Dec 2007)
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International Reserves Management and the Current Account

by Joshua Aizenman449
(Dec 2007)
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Estimating the Chilean Natural Rate of Interest

by Rodrigo Fuentes; Fabián Gredig448
(Dec 2007)
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Valuation Effects and External Adjustment: A Review

by Pierre-Oliver Gourinchas447
(Dec 2007)
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What Drives the Current Account in Commodity Exporting Countries? The Cases of Chile and New Zealand

by Juan Pablo Medina; Anella Munro; Claudio Soto446
(Dec 2007)
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The Role of Interest Rates and Productivity Shocks in Emerging Market Fluctuations

by Mark Aguiar; Guita Gopinath445
(Dec 2007)
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Financial Frections and Business Cycles in Middle Income Countries

by Jaime C. Guajardo444
(Dec 2007)
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Stocks, Flows and Valuation Effects of Foreign Assets and Liabilities: Do They Matter?

by Alfredo Pistelli; Jorge Selaive; Rodrigo Valdés443
(Dec 2007)
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Latin America's Access to International Capital Markets: Good Behavior or Global Liquidity?

by Ana Fostel; Graciela Kaminsky442
(Dec 2007)
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Crises in Emerging Market Economies: A Global Perspective

by Guillermo Calvo441
(Dec 2007)
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On Current Account Surpluses and the Correction of Global Imbalances

by Sebastián Edwards440
(Dec 2007)
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Current Account and External Financing: An Introduction

by Kevin Cowan; Sebastián Edwards; Rodrigo Valdés439
(Dec 2007)
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The Monetary Policy Horizon in Chile and Other Inflation-Targeting Countries

by Fabián Gredig, Klaus Schmidt-Hebbel, Rodrigo Valdés438
(Dec 2007)
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Exports and Productivity - Comparable Evidence for 14 Countries

by The International Study Group on Exports and Productivity437
(Dec 2007)
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Macroeconomic Fluctuations and Bank Behavior in Chile

by Adolfo Barajas; Leonardo Luna; Jorge Restrepo436
(Dec 2007)
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Hidden Predictability in Economics: The Case of the Chilean Exchange Rate

by Pablo Pincheira B.435
(Nov 2007)
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Exchange Rate Analysis in Practice

by Rodrigo Caputo; Marco Núñez; Rodrigo Valdés.434
(Nov 2007)
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High Frequency Dynamics of the Exchange Rate in Chile

by Kevin Cowan, David Rappoport , Jorge Selaive433
(Nov 2007)
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Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile

by Juan Pablo Medina, David Rappoport, Claudio Soto432
(Oct 2007)
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Inflation Dynamics and the Cost Channel: An Application for Chile

by David Coble431
(Oct 2007)
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Policy Responses to Sudden Stops in Capital Flows: The Case Of Chile In 1998

by Rodrigo Valdés P. ,430
(Oct 2007)
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Multinational Firms and Productivity Catching-Up: The Case Of Chilean Manufacturing

by Roberto Álvarez, Gustavo Crespi429
(Oct 2007)
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Changes in Monetary Policy Conduct and Their Effects on Banking Spreads,

by J. Rodrigo Fuentes, Verónica Mies428
(Oct 2007)
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Survival of Small and Medium-Sized Plants in Chile: Has it Changed over Time?, Does it Differ across Industries?

by Roberto Álvarez, Sebastián Vergara427
(Aug 2007)
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On the Sources of China's Export Growth

by Roberto Álvarez, Sebastián Claro426
(Aug 2007)
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Chilean Nominal Exchange Rate: Forecasting Base on Technical Analysis.

by Ana María Abarca, Felipe Alarcón, Pablo Pincheira, Jorge Selaive425
(Aug 2007)
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China, Commoditie Prices and Latin American Performance:A Few Stylized Facts

by Sergio Lehmann, David Moreno, Patricio Jaramillo424
(Aug 2007)
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Welfare Implications of a Second Lender in the International Markets

by Luis Opazo422
(Jul 2007)
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Inflation Compensation and Inflation Expectations in Chile

by Mauricio Larraín421
(Jun 2007)
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Intermediate Goods, Institutions and Output per Worker

by Kevin Cowan, Alejandro Neut420
(Jun 2007)
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Measuring TFP: A Latent Variable Approach

by Rodrigo Fuentes, Marco Morales419
(Jun 2007)
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Export Transitions

by Roberto Álvarez418
(May 2007)
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Another Pass-Through Bites the Dust? Oil Prices and Inflation

by José De Gregorio, Oscar Landerretche, Christopher Neilson417
(May 2007)
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Financial Diversification, Sudden Stops and Sudden Starts

by Kevin Cowan, José De Gregorio, Alejandro Micco, Christopher Neilson423
(Apr 2007)
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Multinationals as Stabilizers?: Economic Crisis and Plant Employment Growth

by Roberto Álvarez, Holger Görg412
(Mar 2007)
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Capital Regulation and Bank Risk Taking: Completing Blum's Picture

by Nancy Silva416
(Mar 2007)
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Defining Inflation Targets and The Output-Inflation Tradeoff

by José De Gregorio415
(Mar 2007)
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Trimmed Indexes as Measures Of Trend Imacec

by Fabián Gredig414
(Mar 2007)
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Oil Shocks and Inflation The Case of Chile and a Sample of Industrial Countries

by Pablo Pincheira Álvaro García413
(Mar 2007)
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2006

The China Phenomenon: Price, Quality or Variety?

by Roberto Álvarez, Sebastián Claro411
(Dec 2006)
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Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model

by Stephanie Schmitt-Grohé, Martín Uribe410
(Dec 2006)
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Credibility and Inflation Targeting in Chile

by Luis F. Céspedes, Claudio Soto408
(Dec 2006)
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Optimal Inflation Targeting Under Alternative Fiscal Regimes

by Pierpaolo Benigno, Michael Woodford407
(Dec 2006)
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Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets

by Nicoletta Batini, Douglas Laxton406
(Dec 2006)
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Does Inflation Targeting Make a Difference?

by Frederic Mishkin, Klaus Schmidt-Hebbel404
(Dec 2006)
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New Keynesian Models For Chile During the Inflation Targeting Regime: A Structural Approach

by Rodrigo Caputo, Felipe Liendo, Juan Pablo Medina402
(Dec 2006)
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Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere

by Refet S. Gürkaynak, Andrew T. Levin, Andrew N. Marder, Eric T. Swanson400
(Dec 2006)
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Inflation Targeting versus Price-Path Targeting: Looking For Improvements

by Stephen G. Cecchetti, Stefan Krause399
(Dec 2006)
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Inflation Targeting Under Imperfect Knowledge

by Athanasios Orphanides, John C. Williams398
(Dec 2006)
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Monetary Policy Under Inflation Targeting: An Introduction

by Frederic S. Mishkin, Klaus Schmidt-Hebbel396
(Dec 2006)
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Overshooting Meets Inflation Targeting

by José De Gregorio, Eric Parrado394
(Dec 2006)
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The "Great Moderation" and the Monetary Transmission Mechanism in Chile

by Cristina Betancour, José De Gregorio, Juan Pablo Medina393
(Dec 2006)
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Stylized Facts of International Business Cycle Relevant for the Chilean Economy

by Carlos García, Patricio Jaramillo, Jorge Selaive392
(Dec 2006)
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Are universities the best alternative for a professional degree? Chilean evidence

by Patricio Meller, David Rappoport389
(Dec 2006)
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Distribution of Assets, Debt, and Income of Chilean Households

by Paulo Cox, Eric Parrado, Jaime Ruiz-Tagle388
(Dec 2006)
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Financial Integration Without the Volatility

by Ricardo Caballero, Kevin Cowan387
(Dec 2006)
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The Information Contained in Forward Rates Movements in Chile

by Mauricio Larraín, Fernando Parro386
(Dec 2006)
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Sovereign Spreads and Contagion Effect ,

by Álvaro García, Valentina Paredes385
(Dec 2006)
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Speculative Activity and Copper Price

by Patricio Jaramillo, Jorge Selaive384
(Dec 2006)
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Paths of Development, Specialization, and Natural Resources Abundance

by Roberto Álvarez, Rodrigo Fuentes383
(Dec 2006)
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Forecasting Canadian Time Series With the New-Keynesian Model

by Ali Dib, Mohamed Gammoudi, Kevin Moran382
(Dec 2006)
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An Estimated Stochastic General Equilibrium Model with Partial Dollarization: A Bayesian Approach

by Paul Castillo, Carlos Montoso, Vicente Tuesta381
(Dec 2006)
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Real Dollarization, Financial Dollarization, and Monetary Policy

by Alain Ize, Eric Parrado375
(Oct 2006)
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Trade Liberalization, Price Distortions, and Resource Reallocation

by Roberto Álvarez, Matías Braun374
(Aug 2006)
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Openness Can be Good for Growth: The Role of Policy Complementarities

by Roberto Chang, Linda Kaltani, Norman Loayza373
(Aug 2006)
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Market Reforms and Efficiency Gains in Chile

by Raphael Bergoeing, Andrés Hernando, Andrea Repetto372
(Aug 2006)
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Sovereign Debt in the Americas: New Data and Stylized Facts

by Kevin Cowan, Eduardo Levy-Yeyati, Ugo Panizza, Federico Sturzenegger371
(Aug 2006)
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Identifying Fiscal Policy Shocks in Chile and Colombia

by Jorge E. Restrepo, Hernán Rincón370
(Aug 2006)
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Bank Ownership and Lending Behavior

by Alejandro Micco, Ugo Panizza369
(Jul 2006)
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Inflation Targeting in Dollarized Economies

by Leonardo Leiderman, Rodolfo Maino, Eric Parrado368
(Jul 2006)
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An Alternative Measure of Core Inflation

by Michael Pedersen366
(Jun 2006)
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Chile's Economic Growth

by Klaus Schmidt-Hebbel365
(Jun 2006)
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Inflation Targets and the Objective of Full Employement

by José De Gregorio364
(May 2006)
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Skill Premium in Chile: Studying the Skill Bias Technical Change Hypothesis in the South

by Francisco Gallego363
(May 2006)
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Setting the Operational Framework for Producing Inflation Forecasts

by Jorge Canales-Kriljenko, Turgut Kisinbay, Rodolfo Maino, Eric Parrado362
(May 2006)
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Estimating NAIRU for Chile

by Jorge E. Restrepo361
(May 2006)
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Central Bank Independence and Monetary Policymaking Institutions: Past, Present, and Future

by Alex Cukierman360
(Apr 2006)
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The Consumption-Real Exchange Rate Anomaly: Non-Traded Goods, Incomplete Markets and Distribution Services.

by Jorge Selaive, Vicente Tuesta359
(Apr 2006)
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Central Bank Independence: The Chilean Experience

by Luis Felipe Céspedes, Rodrigo Valdés358
(Feb 2006)
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2005

Global Inflation

by Matteo Ciccarelli, Benoît Mojon357
(Dec 2005)
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Bank Ownership and Performance Does Politics Matter?

by Alejandro Micco, Ugo Panizza,