This paper argues that the IMF's traditional monetary conditionality--a ceiling on net domestic assets of the central bank and a floor on its net international reserves--should be adapted in IMF-supported adjustment programs with countries that have a framework of explicit inflation targets for...

This paper argues that the IMF's traditional monetary conditionality--a ceiling on net domestic assets of the central bank and a floor on its net international reserves--should be adapted in IMF-supported adjustment programs with countries that have a framework of explicit inflation targets for...

This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central bank and a floor on its net international reserves-should be adapted in IMF-supported adjustment programs with countries which have a framework of explicit inflation targets for...

This paper shows evidence on firm demographics and firm survival in Chile. A dataset of sectoral indicators of firm dynamics has been created using unnamed administrative records collected by the Tax Office. The patterns of firm entry, exit and survival are described and analyzed by sales and...

There are currently two data sources used to measure foreign direct investment in Chile: one is Chapter XIV of the Central Bank of Chile and the other is the Decree Law 600, managed by the Foreign Investment Committee. This paper describes their main aspects, the reconciliation and trends of...

We analyze the possible effects of eventual changes in regulatory limits to the loan-to-value ratio (LTV) for residential mortgage loans in Chile. In Chile there are three major types of mortgage loans, but the market is concentrated in the type without regulatory limits to the LTV. However,...

This paper reviews the literature on trade with asymmetric information, from the seminal contribution of Akerlof (1970) to the recent paper by Shimer (2013) presented at the XVI Conference of the Central Bank of Chile.