The aim of this document is to provide a forecasting tool that facilitates understanding economic developments in a timely manner. This is pursued through the Bridge Model approach by using it to relate a large set of monthly indicators to Chilean GDP and its main components. The outcome is a...

In this paper an exercise is performed to determine the usefulness of utilizing disaggregated price data to forecast headline inflation more accurately. A number of methods based on univariate and multivariate autoregressive models are used for different levels of disaggregation for a period of...

This paper presents micro evidence on the degree of downward nominal wage rigidity in Chile and also explores its consequences in terms of employment. The data used corresponds to a new panel based on 440 thousand wage histories for the period 2001.12-2007.12. The results indicate a low degree...