In 1975 Chile implemented an ortodox stabilization program. The fiscal deficit was sharply reduced and monetary policy was tight. However, indexation of wages and the exchange rate to past inflation implied that inflation only gradually declined. In fact,

This paper is an assessment of freight transport regulation in Santiago. We conclude that most regulations restrict quantities and access. Moreover, agents perceive them as erratic and uncertain. We argue that these restrictions are not only costly but a

In this paper we study the heterodox stabilization plans of Argentina 1985 (Plan Austral) and Brazil 1986 (Plan Cruzado). Both plans considered that the main cause of inflation was inertia, due to indexation of wages, exchange rates and financial instrume

Los factores de distribución GGDF y GLDF son un método atractivo para prorratear los peajes que deben pagar los usuarios de sistemas eléctricos de transmisión. Sin embargo, se demuestra que el método no es suficiente para definir un único prorrateo. Los g

We estimate the demand for electricity by households in Chile. We use a monthly panel of 18 distribution companies, which starts in January 1995 and runs through december 2001. The one-month price elasticity of demand is -0.0548 and -0,39 in the long run.