The recent evolution of productivity has been a puzzle for economists. After a period marked by historic growth (1987-1997), aggregate productivity stagnated (1998-2012). The analysis in this paper focuses on productivity in nine major sectors of the economy to establish tentative hypotheses to...

This paper examines the relative position of Chile through time and compared with other emerging and industrial economies, using various economic development indicators, particularly over the past two decades. It provides a descriptive analysis, without exploring causalities or testing...

Many authors have studied the flexibility of bank interest rates in different countries. In this paper we show some evidence for the Chilean banking industry, concluding that there is some sluggishness in the adjustment of banks’ lending rates to changes in the policy rate. However, Chile is...

This paper estimates potential GDP growth and output gaps for the period 1986-2007 using three different methodologies: (i) production function, (ii) Kalman filter proxy (univariate and multivariate) and (iii) structural VAR . The output gap estimates show a high degree of mutual consistency....