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The recent ascent of right-wing populist movements in many countries has rekindled interest in understanding the causes of the rise of Fascism in inter-war years. In this paper, we argue that there was a strong link between the surge of support for the Socialist Party after World War I (WWI) and...
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We introduce a new method for conditioning out serially correlated unobserved shocks to the production technology by building ideas first developed in Olley and Pakes (1996). Olley and Pakes show how to use investment to control for correlation between input levels and the unobserved...
Persistent link: https://www.econbiz.de/10012470924
Chile. The paper concentrates on the behavior of the real exchange rate and nominal and real interest rates during the … period 1977-83. It is argued that as a consequence of the liberalization of the capital account in Chile in 1979-81, dramatic … presented and applied to the case of Chile. The results obtained suggest that during this period interest rates responded both …
Persistent link: https://www.econbiz.de/10012477378
about one's own ability, and contemporaneous shocks. We estimate the model using administrative panel data from Chile that …
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framework is used to analyze Chile's experience with anti-inflationary policies in the mid 1950s. In 1955-58 Chile implemented a … plagued Chile for a long time were reduced, but not eliminated. I present empirical results on the evolution of inflation …
Persistent link: https://www.econbiz.de/10012467250
distinguish such a regime from a floating exchange rate. We apply the econometrics, first, to the example of Chile and, second, by …
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