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Author
Corsetti, Giancarlo (2)
Kuester, Keith (1)Müller, Gernot J. (1)Pesenti, Paolo A. (1)
Subject
TIPO DE CAMBIO (2)
ECONOMÍA KEYNESIANA (1)MACROECONOMÍA (1)POLÍTICA ECONÓMICA (1)POLÍTICA FISCAL (1)... View More
Date Issued
2015 (1)2013 (1)
Document Type
Artículo (2)
  •   Chilean Central Bank Digital Repository
  • Investigación económica
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  • Serie Banca Central, análisis y políticas económicas (artículos)
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  •   Chilean Central Bank Digital Repository
  • Investigación económica
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  • Serie Banca Central, análisis y políticas económicas (artículos)
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Endogenous exchange-rate pass-through and self-validating exchange rate regimes 

Author
Corsetti, Giancarlo; Pesenti, Paolo A.
Date
Banco Central de Chile, 2015
Subject
TIPO DE CAMBIO; MACROECONOMÍA
A long-standing question in open macroeconomics concerns the choice of currency denomination of nominal prices and contracts. A firm serving the export market may choose to set prices in its domestic currency in the currency of the market of destination or in a vehicle currency possibly indexing these ...
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Floats pegs and the transmission of fiscal policy 

Author
Corsetti, Giancarlo; Kuester, Keith; Müller, Gernot J.
Date
Banco Central de Chile, 2013
Subject
POLÍTICA FISCAL; POLÍTICA ECONÓMICA; TIPO DE CAMBIO; ECONOMÍA KEYNESIANA
One of the most popular pieces of wisdom in economic policy is the idea that fiscal policy is more effective in a fixed exchange rate regime or a currency union than in a flexible exchange rate regime. In this paper we revisit the theoretical foundations of the conventional wisdom on the relative ...
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