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

error correction model. The model fits the historical data well. While copper price is the most important determinant of the …. The Central Bank of Chile's foreign exchange interventions in 2008 and 2011 had a small impact on the peso …

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 …

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper … prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile …'s adjustment capacity to external shocks. Following Malz (2014), this paper builds a time-varying measure of copper price …