Negro, Marco del; Schorfheide, Frank - Banco Central de Chile - 2008
The paper estimates a small open economy DSGE model, specified along the lines of Galí and Monacelli (REStud 2005) and Lubik and Schorfheide (JME 2007), on Chilean data for the full inflation targeting period (1999-2007). We study the specification of the policy rule followed by the Central...
