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Curva de Beveridge, vacantes y desempleo: Chile 1986.I-2002.II
Las fluctuaciones del desempleo pueden tener diferentes fuentes. Por una parte, ante una recesión que afecta a toda la economía, la demanda por trabajo disminuye y aumenta el número de desempleados. Caso contrario sucede en períodos de boom. De esta manera, el ciclo económico tiene un efecto con el ...
The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
The objective in building and specifying macroeconomic models is to reflect the main characteristics of an economy in a stylized way. This article describes a macroeconometric model for the Chilean economy. The aim of the model is to forecast the main macroeconomic variables, along with policy exercises ...
Inflation targeting in financially stable economies: has it been flexible enough?
The international financial crisis and Great Recession of 2008- 09 called for a range of significant policy measures by central banks beyond aggressive interest rate cuts. Measures have ranged from improving international coordination to purchasing local private loan portfolios and direct intervention ...