Listar por autor "Fernández, Andrés"
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Credibility of emerging markets, foreign investors’ risk perceptions, and capital flows
(Banco Central de Chile, 2023-08-09)Emerging market economies (EMEs) are constantly exposed to shocks that originate in world capital markets, posing serious challenges to policymakers. By dealing with these shocks —Covid-19 representing the most recent ... -
Global drivers and macroeconomic volatility in EMEs: a dynamic-factor, general-equilibrium perspective
(Banco Central de Chile, 2023-08-09)A common view held by academics as well as policymakers assigns an important role to global factors as drivers of fluctuations in economic activity in emerging market economies (EMEs). This follows naturally from the fact ... -
Heterogeneity in macroeconomics: implications for monetary policy
(Banco Central de Chile, 2024-11)There is important heterogeneity among households, firms, and banks; and the way shocks or policies affect these agents depends critically on that heterogeneity. There was a rapid surge in the awareness of academic researchers ... -
Heterogeneity in macroeconomics: implications for monetary policy an overview
(Banco Central de Chile, 2024)This volume collects some of the papers presented at the XXV Annual Conference of the Central Bank of Chile, which took place in November 2022 in Santiago, Chile.1 The theme of the conference was Heterogeneity in ... -
How important is the commodity supercycle?
(Banco Central de Chile, 2023-08-09)World commodity prices are known to display long cycles. These cycles have a periodicity of 20 to 30 years and are called commodityprice supercycles. Figure 1 displays the time paths of eleven commodity prices deflated by ...