In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in...

Purpose: This paper analyzes the potential presence of time-varying asymmetries in the preference parameters of the Central Bank of Brazil during the inflation targeting regime. Design/methodology/approach: Given the econometric issues inherent to classical time-varying parameter (TVP)...

The main goal of this research is to analyze the tax reduction policy impact in sector and regional level and its effectiveness in the Chilean Economy by means of a regional applied general equilibrium model (AGE). A static, deterministic and top-down AGE model, known as ORANIG model with...

El artículo tiene como objetivo realizar el análisis de sensibilidad de variables exógenas y de los parámetros de un modelo de equilibrio general aplicado con extensión regional adaptado para la Economía Chilena. El resultado del análisis de sensibilidad entrega como los resultados pueden...