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Now showing items 11-20 of 22
The reversal problem: development going backwards
The Covid-19 pandemic triggered the most synchronous economic downturn in more than a century. Ninety percent of countries posted a decline in real per-capita GDP in 2020, a share that surpassed any other year since 1900, which includes two world wars and the Great Depression of the 1930s.1 The health ...
KFstar and portfolio inflows: a focus on Latin America
Policymakers faced with volatile capital flows may desire a method to identify the level of flows likely to persist in the medium
run. In a series of papers (Burger, Warnock, and Warnock, henceforth BWW, 2018, 2022), we have developed an estimate of the natural or equilibrium level of capital flows ...
Central banking with many voices: the communications arms race
The job of central bankers is to use the monetary powers granted to them to promote price stability, sustainable growth, and a stable financial system. They do this in an environment fraught with unavoidable uncertainties. But, in conducting policy, there is one uncertainty that policymakers can and ...
Memoria anual 2019
El Banco Central de Chile busca realizar su gestión con eficiencia, en un marco de creciente transparencia de sus acciones e incorporando de manera permanente la aplicación de criterios y políticas adheridas a las mejores prácticas observadas a nivel mundial.
Este documento conforma nuestra primera ...
Memoria Anual Integrada 2022
El año 2022 fue complejo para el Banco Central porque su meta de inflación de 3% se vio absolutamente sobrepasada, lo que obligó a nuestra institución a tomar drásticas decisiones de política monetaria, como parte de un ciclo de alzas que ya había comenzado el año anterior.
Entre enero y octubre, la ...
Integrated annual report 2022
This was a complex year for the Central Bank. Inflation vastly exceeded our 3% target, which forced our institution to make drastic monetary policy decisions, as part of a cycle of rate increases that began the previous year.
Between January and October, the monetary policy rate (MPR) rose from 4.0% ...
Integrated Annual Report 2021
The Central Bank faced multiple challenges in 2021, especially due to the consequences of the worst period of the pandemic, which continued to affect the normal functioning of the economy. The persistence of the health crisis substantially changed the ways in which people, institutions, and the financial ...
Credibility of emerging markets, foreign investors’ risk perceptions, and capital flows
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 event— several lessons have been learned in terms of the ways they
propagate as ...
Memoria anual 2020
El Banco Central de Chile ha publicado su Memoria Integrada 2020, reporte que detalla los principales hitos financieros, medioambientales, de relación con la comunidad, con sus trabajadores y el aporte que la institución hace al país a través del cumplimiento de su mandato legal, con el foco puesto ...