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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
Given their powerful position in presidential cabinets, technocrats are an important transmission mechanism for explaining economic policy choices, but have received less attention compared to other well-established channels such as elections or democratic tenure. I incorporate the role of...
Persistent link: https://www.econbiz.de/10012981316
.1 per cent in the initial years (1990-98) and a modest 3.9 per cent in the last 15 years. Hence, sometimes, Chile has …
Persistent link: https://www.econbiz.de/10012987729
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
In 1973, Augusto Pinochet led a US-backed coup against Salvador Allende, Chile's democratically elected president …'s project of socialist transformation in hyper-polarized 1970s Chile was doomed regardless of external provocation. However …
Persistent link: https://www.econbiz.de/10013225657
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two … randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a … powerful tool to increase savings (the number of deposits grows 3.5-fold and the average savings balance almost doubles …
Persistent link: https://www.econbiz.de/10012460243
Persistent link: https://www.econbiz.de/10009665967
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … evaluating their effectiveness. We conduct two randomized field experiments among low-income micro-entrepreneurs in Chile. The … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical …
Persistent link: https://www.econbiz.de/10009530133
Persistent link: https://www.econbiz.de/10009486065
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … evaluating their effectiveness. We conduct two randomized field experiments among low-income micro-entrepreneurs in Chile. The … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical …
Persistent link: https://www.econbiz.de/10013110869