The purpose of this document is to study the impact of inflation surprises in nominal and real benchmark bonds, and to compare these results with the response on the derivate market, Swap Promedio Cámara (SPC) both pesos and UF. This analysis is relevant because the prices of financial assets...

When evaluating the economy’s performance, Gross Domestic Product (GDP) is the most often used indicator and it is therefore also one of the most often forecasted. Due to the shortcomings of the traditional fixed-base methods, many countries have adopted chain-linking to avoid price structure...