Listar Serie Banca Central, análisis y políticas económicas (artículos) por título
Mostrando ítems 282-301 de 314
-
The monetary transmission mechanism in Chile: a medium-sized macroeconometric model
(Banco Central de Chile, 2005) -
The monetary transmission mechanism in the United Kingdom: pass-through and policy rules
(Banco Central de Chile, 2002) -
The nonpuzzling behavior of median inflation
(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 ... -
The passthrough of large-cost shocks in an inflationary economy
(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. ... -
The relation between monetary policy and financial-stability policy
(Banco Central de Chile, 2019) -
The relationship between exchange rates and inflation targeting revisited
(Banco Central de Chile, 2007) -
The response of sovereign bonds yields to U.S. monetary policy
(Banco Central de Chile, 2016) -
The reversal problem: development going backwards
(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, ... -
The sources of economic growth: an overview
(Banco Central de Chile, 2002) -
The supply-side origins of U.S. inflation
(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 ... -
The three E’s of central-bank communication with the public
(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 ... -
The transformation and performance of emerging market economies across the great divide of the global financial crisis
(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 ... -
The war of ideas in economic development: a historical perspective
(Banco Central de Chile, 2015) -
Tightening tensions: fiscal policy and civil unrest in South America 1937–95
(Banco Central de Chile, 2013) -
Too poor to grow
(Banco Central de Chile, 2015) -
Toward an operational framework for financial stability: 'fuzzy' measurement and its consequences
(Banco Central de Chile, 2010) -
Trade exposure and the evolution of inflation dynamics
(Banco Central de Chile, 2020)The Phillips curve—the relationship between price inflation and fluctuations in economic activity— is a central building block of economic models that allow for nominal rigidities and are relied upon by central banks ... -
Trade orientation and labor market evolution: Evidence from chilean plant-level data
(Banco Central de Chile, 2005) -
Trade with asymmetric information
(Banco Central de Chile, 2014) -
Transparency, flexibility, and inflation targeting
(Banco Central de Chile, 2007)