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El Banco Central de Chile abre sus puertas
El 22 de agosto de 1925 fue publicado en el Diario Oficial N° 14.254 el Decreto Ley 486 que creó el Banco Central de Chile. El cuerpo legal llevaba las firmas del presidente Arturo Alessandri Palma y de su ministro de Hacienda Valentín Magallanes. La puesta en marcha de la nueva institución tomó varios ...
Economic growth: sources, trends and cycles
The importance of economic growth cannot be overstated. Income growth is essential for achieving economic, social, and even political development. In recent years, an enormous amount of talent and effort has been invested in understanding the process of economic growth, making it one of the most dynamic ...
Monetary policy under inflation targeting
Inflation targeting cum exchange-rate floating has become the framework of choice in countries pursuing an independent and effective monetary policy. Since its adoption by New Zealand (1990) and Chile (1991), central banks of nearly 25 industrial and emerging economies have implemented an explicit ...