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Author
Corsetti, Giancarlo (4)
Kuester, Keith (2)Müller, Gernot J. (2)Pesenti, Paolo A. (2)
Subject
TIPO DE CAMBIO (4)POLÍTICA FISCAL (2)POLÍTICA MONETARIA (2)ECONOMÍA KEYNESIANA (1)MACROECONOMÍA (1)... View More
Date Issued
2015 (2)2013 (1)2011 (1)
Document Type
Artículo (4)
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Endogenous exchange-rate pass-through and self-validating exchange rate regimes 

Author
Corsetti, Giancarlo; Pesenti, Paolo A.
Date
Banco Central de Chile, 2015
Subject
TIPO DE CAMBIO; MACROECONOMÍA
A long-standing question in open macroeconomics concerns the choice of currency denomination of nominal prices and contracts. A firm serving the export market may choose to set prices in its domestic currency in the currency of the market of destination or in a vehicle currency possibly indexing these ...
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Floats pegs and the transmission of fiscal policy 

Author
Corsetti, Giancarlo; Kuester, Keith; Müller, Gernot J.
Date
Banco Central de Chile, 2013
Subject
POLÍTICA FISCAL; POLÍTICA ECONÓMICA; TIPO DE CAMBIO; ECONOMÍA KEYNESIANA
One of the most popular pieces of wisdom in economic policy is the idea that fiscal policy is more effective in a fixed exchange rate regime or a currency union than in a flexible exchange rate regime. In this paper we revisit the theoretical foundations of the conventional wisdom on the relative ...
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Tipo de cambio flotante, tipo de cambio fijo y transmisión de la política fiscal 

Author
Corsetti, Giancarlo; Kuester, Keith; Müller, Gernot J.
Date
Banco Central de Chile, 2011-08
Subject
TIPO DE CAMBIO; POLÍTICA MONETARIA; POLÍTICA FISCAL
De acuerdo con el paradigma convencional, la política fiscal es más efectiva bajo un régimen cambiario fijo que con tipo de cambio flexible. En este trabajo se reconsidera la transmisión de shocks al gasto de gobierno a través de estos regímenes dentro de un modelo neokeynesiano para una economía ...
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Endogenous exchange-rate pass-through and self-validating exchange rate regimes 

Author
Corsetti, Giancarlo; Pesenti, Paolo A.
Date
Banco Central de Chile, 2015-12
Subject
TIPO DE CAMBIO; POLÍTICA MONETARIA; PRECIOS
Un dilema de larga data en las economías abiertas se refiere a la moneda en que se denominan los precios nominales y los contratos. Este trabajo analiza la interacción entre los precios de exportación de las empresas y la política monetaria, y sus posibles implicancias macroeconómicas en la sincronización ...
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