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  • Investigación económica
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Now showing items 328-347 of 367

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    • Thumbnail

      The leverage cycle default and foreclosure 

      Geanakoplos, John (Banco Central de Chile, 2014)
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      The link between labor cost inflation and price inflation in the Euro Area 

      Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel (Banco Central de Chile, 2020)
      To gauge inflationary pressures, policymakers generally pay close attention to labor cost developments. A key reason has been the widely held view that labor cost inflation (i.e., wage inflation adjusted for productivity ...
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      The liquidity approach to bubbles crises jobless recoveries and involuntary unemployment 

      Calvo, Guillermo (Banco Central de Chile, 2015)
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      The macroeconomic conseguences of wage indexation revisited 

      Jadresic, Esteban (Banco Central de Chile, 2002)
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      The monetary policy transmission mechanism and policy rules in Canada 

      Longworth, David; O'Reilly, Brian (Banco Central de Chile, 2002)
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      The monetary transmission mechanism and the evaluation of monetary policy rules 

      Taylor, John B. (Banco Central de Chile, 2002)
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      The monetary transmission mechanism in Chile: a medium-sized macroeconometric model 

      García T., Carlos; García Silva, Pablo; Magendzo W., Igal, 1970-; Restrepo L., Jorge E. (Banco Central de Chile, 2005)
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      The monetary transmission mechanism in the United Kingdom: pass-through and policy rules 

      Cunningham, Alastair; Haldane, Andrew G. (Banco Central de Chile, 2002)
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      The nonpuzzling behavior of median inflation 

      Ball, Laurence; Mazumder, Sandeep (Banco Central de Chile, 2020)
      For decades, textbooks have explained inflation behavior with Friedman (1968)’s Phillips curve: the inflation rate depends on expected inflation and the deviation of unemployment from its natural rate. Yet this theory ...
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      The passthrough of large-cost shocks in an inflationary economy 

      Álvarez, Fernando; Neumeyer, Pablo Andrés (Banco Central de Chile, 2020)
      This paper surveys and modestly extends the theory of menu-cost models of the behavior of the aggregate price level after large-cost shocks. It does so in the context of an economy with a high underlying rate of inflation. ...
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      The relation between monetary policy and financial-stability policy 

      Svensson, Lars E. O. (Banco Central de Chile, 2019)
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      The relationship between exchange rates and inflation targeting revisited 

      Edwards, Sebastián, 1953- (Banco Central de Chile, 2007)
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      The response of sovereign bonds yields to U.S. monetary policy 

      Gilchrist, Simon; Yue, Vivian Z.; Zakrajsek, Egon (Banco Central de Chile, 2016)
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      The reversal problem: development going backwards 

      Olaberria, Eduardo; Reinhart, Carmen M. (Banco Central de Chile, 2023-08-09)
      The Covid-19 pandemic triggered the most synchronous economic downturn in more than a century. Ninety percent of countries posted a decline in real per-capita GDP in 2020, a share that surpassed any other year since 1900, ...
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      The role of progressivity on the economic impact of fiscal transfers: a HANK for Chile 

      García, Benjamín; Giarda, Mario; Lizama, Carlos (Banco Central de Chile, 2024)
      During the Covid-19 pandemic, the Chilean government provided unprecedented economic assistance to households. Direct fiscal transfers through stimulus checks amounted to nine percent of the country’s GDP. Aditionally, ...
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      The sources of economic growth: an overview 

      Loayza O., Norman; Soto, Raimundo (Banco Central de Chile, 2002)
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      The supply-side origins of U.S. inflation 

      Hobijn, Bart (Banco Central de Chile, 2020)
      In recent years, we have not seen much of a negative correlation between inflation, the time series plotted in figure 1, and measures of resource slack, based on real GDP plotted in figure 2. This flattening of the ...
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      The three E’s of central-bank communication with the public 

      Haldane, Andrew; Macaulay, Alistair; McMahon, Michael (Banco Central de Chile, 2021-10)
      Central banks used to ask, “Shall we communicate this?” Now, as a rule, they ask, “Why wouldn’t we communicate this?” This first wave of the revolution in central-bank communication is giving rise to a second wave. The ...
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      The transformation and performance of emerging market economies across the great divide of the global financial crisis 

      Bordo, Michael D.; Siklos, Pierre (Banco Central de Chile, 2021-10)
      Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to ...
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      The war of ideas in economic development: a historical perspective 

      Edwards, Sebastián, 1953- (Banco Central de Chile, 2015)
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