Herzer, Dierk; Felicitas Nowak-Lehmann D. - Ibero-Amerika Institut für Wirtschaftsforschung (IAI), … - 2005
that there exists a long-run equilibrium between exports and imports in Chile, despite the balance-of-payments crisis of … 1982-83. This finding implies that Chile\'s macroeconomic policies have been effective in the long-run and suggests that … Chile is not in violation of its international budget constraint. …