In this paper we provide evidence of exchange rate predictability for a selected emerging market economy (EME) at intermediate horizons, arguably, the most relevant for policy purposes. This is important because the existing literature on exchange rate predictability has mainly focused on...

Communication with the public is an ever-growing practice among central banks and complements their decisions of interest rate setting. In this paper we examine one feature of the communicational practice of the Central Bank of Chile (CBC) which summarizes the assessment of the Board about the...

We evaluate inflation forecasts from the Survey of Professional Forecasters (SPF) of the Central Bank of Chile. Forecast errors for the period 2000-2008 show an excess of autocorrelation and a statistically significant bias at the end of the sample. We take advantage of the bias and...

In this paper the neoclassical convergence hypothesis is tested for the thirteen of Chile using cross-section techniques and the times-series based test proposed by Bertrand, A. and S. Durlauf, 1995, “Convergence in international Output”, Journal of Applied Econometrics 10 (2), pp.97-108....