Showing 1 - 10 of 21
availability of private schools in Chile. Given that naïve estimates of the effects of competition on student outcomes are biased …
Persistent link: https://www.econbiz.de/10005328880
Chile put into place broad free trade agreements (FTAs) with its two major trading partners: the EU (effective 2003 … Chile's high initial trade openness; aggregate output and consumption do not exceed 1% in any given period. On impact, the …
Persistent link: https://www.econbiz.de/10005086439
In this paper we review the main features of the Chilean-Style of capital controls during the nineties. In particular, we analyze empirically the effectiveness of the unremunerated reserve requirement (URR) in three key areas: its capacity to open space for monetary policy, its influence on the...
Persistent link: https://www.econbiz.de/10005063567
The empirical literature developed to evaluate the voucher system in Chile faced, up until late 1999, methodological …
Persistent link: https://www.econbiz.de/10005170249
The per capita growth rate of Chile from 1984 to 1997 was among the highest in the world. During recent years, however … which factors are used, measured as total factor productivity (TFP), to explain the evolution of output in Chile during the …
Persistent link: https://www.econbiz.de/10005699574
By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …
Persistent link: https://www.econbiz.de/10005328852
In this paper, we study the statistical relationship between money and prices in Argentina during the last quarter of the 20th century. We first look at the unit root characteristics of the series which suggest dividing the whole sample into two sub-samples: 1976 to 1989 and 1991 to 2001, as...
Persistent link: https://www.econbiz.de/10005328862
sub indexes’ inflation dynamics indicate that the exchange rate pass-through in the perfectly competitive sector is … sector. Also, that inflation inertia is lower in the former than in the latter; adding up in more volatility of the perfectly … competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …
Persistent link: https://www.econbiz.de/10005328869
controversies surrounding the exchange rate forecastability and the absence of money in models of inflation …
Persistent link: https://www.econbiz.de/10005328935
greatly redcues the prediction mean squared error of forecasts of U.S. CPI inflation at horizons of one month and one year …
Persistent link: https://www.econbiz.de/10005342193