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Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
-based approaches are used here to assess the long run trend and the cyclical component of Chile’s per capita GDP from 1820 to 2007 …
Persistent link: https://www.econbiz.de/10008491690
Australia, but also for other economies with comparable resource exports such as Brazil, Canada, Chile, Russia and South Africa …
Persistent link: https://www.econbiz.de/10011129955
In contrast to advanced markets (AMs), procyclical monetary policy has been a problem for emerging markets (EMs), with macroeconomic policies amplifying economic upswings and deepening downturns. The stark difference in policy has not been subject to extensive study and this paper attempts to...
Persistent link: https://www.econbiz.de/10011242369
The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the …
Persistent link: https://www.econbiz.de/10011244359
Persistent link: https://www.econbiz.de/10011245450
Covers data from 1990 to 1997.
Persistent link: https://www.econbiz.de/10010966299
employment and wages in Brazil and Chile - discusses trends in minimum wages, unemployment and underemployment; reviews the …
Persistent link: https://www.econbiz.de/10010966536
Covers the period from 1980 to 1997.
Persistent link: https://www.econbiz.de/10010967081
, Brazil, Chile, Paraguay and Uruguay. In order to analyze changes in employability in Argentina, the authors estimate a model … employment and unemployment in the Southern Cone, and suggesting policy directions to increase decent employment in the region … employment dynamics, the authors exploit the rotating panel structure of the Argentina¿s household survey. …
Persistent link: https://www.econbiz.de/10009205801