In 2014, the National Statistical Institute of Chile (INE) presented the Consumer Price Index (CPI) Methodology Manual with annual base 2013=100. In order to provide to the public extended series, consistent with the new series, this paper presents the results of a statistical linking exercise...

There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and regions with different characteristics, such as Chile,...

The aim of this paper is to address the problem of dimensionality in a large database for the Chilean economy. An alternative to deal with this problem is through Bayesian regression methods (shrinkage), and the other given by classical literature based on the use of principal components. In...

In this article we explore the existence, robustness and size of the contribution that several activity measures make when predicting inflation in Chile. For that purpose, we use backward-looking Phillips curves and make use of a real-time database to get an evaluation of predictive ability...

En este trabajo se presenta el empalme de las series a nivel de subclases del Índice de Precios al Consumidor (IPC) de Chile, para el período que va desde abril-1989 hasta diciembre-2008. La metodología ocupada es la misma que utiliza el Instituto Nacional de Estadísticas (INE) para obtener...

The purpose of this work is to develop a leading indicator for the Imacec, a monthly indicator of the Chilean economic activity. The indicator proposed herein is based on the classical methodology of the NBER, but with one major difference: the use of a Ridge regression to aggregate the series....