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dc.contributor.authorCorbo, Vittorio
dc.contributor.authorTessada Pinto, José Antonio
dc.date.accessioned2019-11-01T00:02:48Z
dc.date.available2019-11-01T00:02:48Z
dc.date.issued2005
dc.identifier.isbn956-7421-21-8
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3693
dc.descriptionMonetary policy design has experienced major changes over the last twenty years. These changes had their origin in changes in macroeconomic theory, a better understanding of the importance of achieving and maintaining low inflation, and the abandonment of fixed pegs in favor of floating exchange rate regimes. The new macroeconomic models emphasize the role of microeconomic foundations and expectations and highlight the need to develop and strengthen institutions. One of the key consequences of this process is the recognition that stabilization policies cannot achieve permanent gains in output or employment.
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 29-56
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 9
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectINFLACIÓNes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectMACROECONOMÍAes_ES
dc.subjectTIPO DE CAMBIOes_ES
dc.titleResponse to external and inflation schocks in a small open economy
dc.type.docArtículo
dc.file.nameBCCh-sbc-v09-p029_056


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile