Showing 1 - 10 of 522
Chile’s average economic growth between 1990 and 1998 was above 7 percent per year, more than double than in previous … indicate that Chile’s rapid growth during the 1990s was due to good policies and the improved political situation …
Persistent link: https://www.econbiz.de/10014403501
This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in …
Persistent link: https://www.econbiz.de/10014395870
Persistent link: https://www.econbiz.de/10009419789
Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007 …). The high rates of inflation have contributed to the contraction of the economy, which has declined by about 30 percent … since 1999. This paper examines the stabilization experience of countries that experienced similar rates of inflation (above …
Persistent link: https://www.econbiz.de/10014403024
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in … the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in …
Persistent link: https://www.econbiz.de/10014397082
Persistent link: https://www.econbiz.de/10009424697
This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for … substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … practices in non-traded goods markets are found to amplify the inflation response to the depreciation, while the role of wage …
Persistent link: https://www.econbiz.de/10011711715
The paper estimates two time-varying parameter models of Chilean inflation: a Phillips curve model and a small open …; forecasts that include the pre-announced inflation target as a regressor are relatively better; the Phillips curve model …
Persistent link: https://www.econbiz.de/10014400160
Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding … inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new … methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools-inflation …
Persistent link: https://www.econbiz.de/10014401995