Browsing by Title
Now showing items 7328-7347 of 7403
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The financial accelerator under learning and the role of monetary policy
(Banco Central de Chile, 2011) -
The fiscal footprint of macroprudential policy
(Banco Central de Chile, 2021-10)Monetary policies leave a fiscal footprint. When the central bank cuts the policy interest rate, this footprint comes through multiple channels: The demand for currency rises, so the central bank prints more banknotes to ... -
The global financial crisis
(Banco Central de Chile, 2011) -
The great recession and the great depression: reflections and lessons
(Banco Central de Chile, 2011) -
The international financial system after Covid-19
(Banco Central de Chile, 2023-08-09)In March of 2020, international markets seized up with a violence unequaled since the Global Financial Crisis (GFC) nearly a dozen years before. As economies around the world locked down in the face of the potentially ... -
The labor wedge and business cycles in Chile
(Banco Central de Chile, 2016-04)Estudios recientes han documentado la importancia de la brecha laboral para explicar la magnitud de las fluctuaciones cíclicas de la economía Chilena. Ninguno de estos estudios, sin embargo, ha profundizado en las fluctuaciones ... -
The leverage cycle default and foreclosure
(Banco Central de Chile, 2014) -
The link between labor cost inflation and price inflation in the Euro Area
(Banco Central de Chile, 2020)To gauge inflationary pressures, policymakers generally pay close attention to labor cost developments. A key reason has been the widely held view that labor cost inflation (i.e., wage inflation adjusted for productivity ... -
The liquidity approach to bubbles crises jobless recoveries and involuntary unemployment
(Banco Central de Chile, 2015) -
The liquidity approach to bubbles, crises, jobless recoveries, and involuntary unemployment
(Banco Central de Chile, 2015-12)El trabajo muestra que las consideraciones de liquidez entregan un fundamento sencillo para la creación y destrucción de burbujas y los trastornos relacionados en el mercado de crédito, en particular la pérdida de valor ... -
The macroeconomic conseguences of wage indexation revisited
(Banco Central de Chile, 2002) -
The monetary policy transmission mechanism and policy rules in Canada
(Banco Central de Chile, 2002) -
The monetary transmission mechanism and the evaluation of monetary policy rules
(Banco Central de Chile, 2002) -
The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
(Banco Central de Chile, 2005) -
The monetary transmission mechanism in the United Kingdom: pass-through and policy rules
(Banco Central de Chile, 2002) -
The nonpuzzling behavior of median inflation
(Banco Central de Chile, 2020)For decades, textbooks have explained inflation behavior with Friedman (1968)’s Phillips curve: the inflation rate depends on expected inflation and the deviation of unemployment from its natural rate. Yet this theory ... -
The passthrough of large-cost shocks in an inflationary economy
(Banco Central de Chile, 2020)This paper surveys and modestly extends the theory of menu-cost models of the behavior of the aggregate price level after large-cost shocks. It does so in the context of an economy with a high underlying rate of inflation. ... -
The relation between monetary policy and financial-stability policy
(Banco Central de Chile, 2019) -
The relationship between exchange rates and inflation targeting revisited
(Banco Central de Chile, 2007) -
The response of sovereign bonds yields to U.S. monetary policy
(Banco Central de Chile, 2016)