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nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. The real exchange rate is determined in … paper confirm the impact of exchange rate regimes on relative prices in all countries except Chile, which maintained …
Persistent link: https://www.econbiz.de/10012446702
In the 1970s and early 1980s Paul Samuelson reformulated the conditional prediction made by Joseph Schumpeter in Capitalism, Socialism and Democracy by replacing socialism with populism. According to Samuelson, "populist democracy" had attained its fullest development in the Southern Cone. He...
Persistent link: https://www.econbiz.de/10012542419
In an article published in Development and Change in 2011, I suggested an alternative measure of inequality to the Gini - a "19th Century statistic" - which has subsequently become known as the ´Palma Ratio'. In this new article, I revisit the argument for such a measure. Using new data, I...
Persistent link: https://www.econbiz.de/10010949350
During the last two centuries Chile had three official monetary units of account, where changes from one to the other …
Persistent link: https://www.econbiz.de/10005212287
machinery imports and GDP, do not reinforce the idea of early industrialization in Chile. …
Persistent link: https://www.econbiz.de/10009321251
stability of Chile. This paper (a) compares the economic reform packages of the Ibáñez (Klein-Saks) and Pinochet (Chicago Boys … that inflation had been drastically reduced. Soon the reform process was also abandoned and in some areas, even reversed …, were the military able to implement –this time under the guidance of the Chicago Boys- a coherent market system in Chile …
Persistent link: https://www.econbiz.de/10009391892
This article analyzes long-term patterns of growth of the Chilean economy. Examining 200 years of data, it shows evidence in favor of using a neoclassical growth model to conduct the empirical analysis. It presents a formal analysis of structural breaks in the Chilean growth process, finding...
Persistent link: https://www.econbiz.de/10009403353
This paper attempts to describe Chilean monetary policy during the first half of the 90s. During that period, an explicit exchange rate target zone prevailed. The center of the exchange rate band was set according to a real exchange rate rule (RERR). The Central Bank's main objective in the...
Persistent link: https://www.econbiz.de/10014089742
The second round of the Presidential elections in Chile marked a swing in the local political scenario. The coalition …
Persistent link: https://www.econbiz.de/10014230844
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348