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Cuentas ambientales: metología de medición de recursos forestales en unidades físicas 1985-1996
La presente publicación corresponde a un trabajo conjunto efectuado por el Banco Central de Chile y la Corporación Nacional Forestal, cuyo objetivo fue la elaboración de una propuesta metodológica que permita construir un sistema de balances, en unidades físicas, para los recursos forestales chilenos. ...
Inflation targeting: design, performance, challenges
Inflation rates fell markedly around the world during the last decade of twentieth century. This was the result of a profound change in the conduct of monetary policy, clearly driven by the strong, anti-inflationary stance adopted by central banks in industrial and developing countries. The central ...
La emisión de dinero en Chile: colección de monedas y billetes del Banco Central de Chile
Difunde al público general, con motivo de la celebración del octogésimo aniversario del Banco, la colección de billetes y monedas que mantiene la Institución, la que forma parte de la identidad nacional y del patrimonio cultural de Chile.
Capital mobility and monetary policy
The papers that comprise the different chapters of this volume were presented in the XVII Annual Conference on Central Banking that took place at the Central Bank of Chile, Santiago, during November 14 and 15, 2011. While the global economic environment has changed considerably from the end of 2011 ...
Macroeconomic and financial stability: challenges for monetary policy
On September 2008, Lehman Brothers filed for bankruptcy and the world became aware that the financial crisis that had been unfolding for months was far more serious than expected. Months later, it became clear that the financial crisis of 2008-2009 was the worst economic downturn since the Great ...
Banco Central de Chile 1925-1964: una historia institucional
La historia monetaria de Chile en el siglo XX es reconocidamente interesante y ha sido objeto de numerosos estudios. Con todo, el principal ente emisor de dinero no disponía de una historia institucional que pudiese contribuir con nuevos elementos para explicar algunos de los fenómenos monetarios y ...
Banco Central de Chile 1925-1964; 1964-1989: una historia institucional
La historia monetaria de Chile en el siglo XX es reconocidamente interesante y ha sido objeto de numerosos estudios. Con todo, el principal ente emisor de dinero no disponía de una historia institucional que pudiese contribuir con nuevos elementos para explicar algunos de los fenómenos monetarios y ...
Labor markets and institutions
The importance of the labor market is indisputable. The countries' economic outcomes rely to a significant extent on its performance, as production, economic growth, and prices are all intimately linked with it. Moreover, the functioning of the labor market is a key determinant of social welfare. ...
External vulnerability and preventive policies
Emerging market economies endure significant macroeconomic volatility. The large correlation between external factors, e.g., terms of trade and world interest rate shocks, and domestic macroeconomic volatility is highly suggestive of their key role, but it does not explain the mechanism through which ...
Changing inflation dynamics, evolving monetary policy
Empirical models have failed to explain inflation behavior over the last 20 years in most developed economies. The unusual inflation dynamics—the ‘missing deflation’ during recessions and the ‘missing inflation’ during recoveries—points to a failure of Phillips curve predictions. Several hypotheses ...