This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price …

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper …'s adjustment capacity to external shocks. Following Malz (2014), this paper builds a time-varying measure of copper price …

error correction model. The model fits the historical data well. While copper price is the most important determinant of the …

The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence … copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate …. The appreciation of the Chilean peso during the first part of the copper cycle contributes to lower inflation, which could …