Listar por autor "Pastén, Ernesto"
Mostrando ítems 1-3 de 3
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Independence, credibility, and communication of central banking
(Banco Central de Chile, 2021-10)The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. ... -
Independence, credibility, and communication of central banking: an overview
(Banco Central de Chile, 2021-10)The institution of central-bank independence is often lauded as a great conquest of the accumulation of knowledge and the sensible setting of policy. The economic literature is filled with arguments for why an independent ... -
Measuring the redistributive effects of monetary policy: an application to the chilean economy
(Banco Central de Chile, 2024)Active recent literature shows that monetary policy has heterogeneous effects on workers in different demographic groups.1 In this paper, we build on the framework in Rubbo (2023) to estimate how monetary policy affects ...