This paper evaluates the growth perfomance of the Chilean economy in comparison to a wide sample of countries. The paper uses a determinants of growth approach to compare the growth performance of Chile before and after 1975. The post 1975 period is associated with the implementation of economic...

There are two sources of inconsistency in existing cross-country empirical work on growth: correlated individual effects and endogenous explanatory variables. We estimate a variety of cross-country growth regressions using a generalized method of moments estimator that eliminates both problems....

Relative price shocks with zero mean can affect measured inflation in the presence of non-convex adjustment costs, if core inflation is different from zero or the distribution of the shock is asymetric. In such cases, central tendency measures of the shock's distribution are a better measure of...