Larraín B., Felipe; Parro, Francisco - In: El Trimestre Económico LXXV (3) (2008) 299, pp. 563-596
Between 1988 and 1998 Chile’s average economic growth reached 7.8%. Nonetheless, growth decelerated sharply after the Asian Crisis; since 1998 the average economic expansion was only 3.7%. Along with this deceleration, the volatility of the economy was cut by more that half. Using a formal...