This paper examines the growth and inflation forecasts contained in the Monetary Policy Reports (MPR) of the Central Bank of Chile, comparing them with private forecast, the forecasts made by the Bank during the previous decade, and the forecasts performed by other Central Banks that follow...

This document analyses and estimates the effect on inflation of the recently announced changes in indirect taxes (VAT and tariffs), using different methodologies. The combined effects of the tariff reductions (TLCs with the US, the European Union and Korea) and the planned VAT increase are...

This paper proposes and estimates a macroeconomic model of the Chilean economy. The model is designed as a short- and medium-term inflation-forecasting tool, which precisely identifies the transmission mechanism followed by monetary policy in Chile. The model specifies short-run dynamics as well...