The Central Bank of Chile builds inflation forecasts for several time horizons and using various methodologies. In this paper, we analyze one of these series of short-term inflation forecasts, which we call Auxiliary Inflation Forecasts (AIF), comparing them to forecasts made by private analysts...

In this paper we analyze the contribution of international measures of inflation to predict local ones. To that end, we consider the set of current thirty one OECD economies for which inflation data is available at a monthly frequency. By considering this set of countries, a span of time...

This document presents the international evolution of the foreign exchange markets, including the Over the Counter (OTC) derivatives activity, between 1998 and 2013. The main data source is the Triennial Central Bank Survey of foreign exchange and derivatives market activity coordinated by the...

This document presents the methodology and main results of the construction of a housing price index for Chile (HPI) by the Central Bank of Chile. The HPI is built on the basis of unnamed administrative records of the Internal Revenue Service, corresponding to actual transactions of dwellings at...

We modify an otherwise standard medium-sized DSGE model, in order to study the macroeconomic effects of placing leverage restrictions on financial intermediaries. The financial intermediaries (`bankers') in the model must exert effort in order to earn high returns for their creditors. An agency...

We present descriptive statistics of the Chilean labor market over the last 25 years. Several demographic and institutional changes may influence the individual’s decision to participate or not in the labor force. The present study shows trends in participation, employment, wages and other...