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Economía chilena
El objetivo de la revista Economía Chilena es ayudar a la divulgación de resultados de investigación, preferentemente aquella realizada en el Banco Central de Chile sobre la economía chilena o temas de importancia para ella, con significativo contenido empírico y/o de relevancia para la conducción de ...
Fiscal policy and macroeconomic performance
The fiscal developments around the global financial crisis of 2007-2009 and its aftermath are undoubtedly a major factor behind that comeback. The large fiscal stimulus packages adopted by many countries in the face of large adverse shocks have triggered an unusually heated debate among academics, ...
Global liquidity, spillovers to emerging markets and policy responses
The Book Series on "Central Banking, Analysis, and Economic Policies" of the Central Bank of Chile publishes new research on central banking and economics in general, with special emphasis on issues and fields that are relevant to economic policies in developing economies. The volumes are published ...
Economic growth: sources, trends and cycles
The importance of economic growth cannot be overstated. Income growth is essential for achieving economic, social, and even political development. In recent years, an enormous amount of talent and effort has been invested in understanding the process of economic growth, making it one of the most dynamic ...
Current account and external financing
Are international capital markets a source of stable and reliable financing for emerging market economies, or a source of instability? Is the pattern of capital flows from poor to rich countries observed in the past decade sustainable? What is the optimal degree of capital account openness both for ...
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. ...
Independence, credibility, and communication of central banking
The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. Despite these achievements, some old challenges have come back in recent years and ...