Buscar
Mostrando ítems 1-3 de 3
Shocks de oferta persistentes: ¿un dolor de cabeza para los bancos centrales?
Entre los años 2007 y 2008, la economía Chilena experimentó severos shocks de costos (aumentos de los precios internacionales de los productos básicos, incrementos del costo de la energía, sequías), los que fueron más persistentes de lo que se pensaba cuando se iniciaron y llevaron la tasa de inflación ...
The relationship between exchange rates and inflation targeting revisited
For decades, the exchange rate was at the center of macroeconomic policy debates in emerging markets. Many countries used the nominal exchange rate to bring down inflation, –others—mostly in Latin America—used the exchange rate to implicitly tax the export sector. Currency crises were common and usually ...
The chilean experience in completing markets with financial indexation
For a Chilean capital market participant, it may be hard to imagine a world without the indexation unit, the Unidad de Fomento (UF). Most market participants would probably agree that the UF played a central role in the creation of a local capital market and also that it has had a positive impact on ...