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Central Bank Research Hub - Central Bank of Chile Working Papers



Robust Learning Stability with Operational Monetary Policy Rules

by George W. Evans; Seppo Honkapohja504
(Nov 2008)
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Banking Risk Exposure

by Rodrigo Alfaro; Daniel Calvo; Daniel Oda503
(Nov 2008)
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Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results

by Bennett T. McCallum502
(Oct 2008)
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Expectations, Learning, And Monetary Policy: An Overview Of Recent Research

by George W. Evans; Seppo Honkapohja501
(Oct 2008)
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Higher Order Properties of the Symmetricallr Normalized Instrumental Variable Estimator

by Rodrigo Alfaro500
(Oct 2008)
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Imperfect Knowledge And The Pitfalls Of Optimal Control Monetary Policy

by Athanasios Orphanides; John C. Williams499
(Oct 2008)
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Macroeconomic And Monetary Policies From The Eductive Viewpoint

by Roger Guesnerie498
(Oct 2008)
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Macroeconomics, Monetary Policy and the Central Bank´s Net Worth

by Jorge E. Restrepo, Luis Salomó y Rodrigo Valdés497
(Oct 2008)
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Microeconomic Evidence of Nominal Wage Rigidity in Chile

by Marcus Cobb; Luis Opazo496
(Oct 2008)
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A Sticky-Information General Equilibrium Model for Policy Analysis

by Ricardo Reis495
(Oct 2008)
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Choosing an Exchange Rate Regime

by César Calderón; Klaus Schmidt Hebbel494
(Oct 2008)
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Learning, Endogenous Indexation, and Disinflation in the New-Keynesian Model

by Volker Wieland493
(Oct 2008)
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Sources of Uncertainty for Conducting Monetary Policy in Chile

by Felipe Morandé; Mauricio Tejada492
(Oct 2008)
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What Drives Inflation in the World?

by César Calderón; Klaus Schmidt Hebbel491
(Oct 2008)
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Inflation Target Transparency and the Macroeconomy

by Martin Melecky; Diego Rodríguez Palenzuela; Ulf Söderström490
(Oct 2008)
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Multimodality Test and Mixture Distributions: An Application to the Central Bank Expectation Surve

by Patricio Jaramillo; Juan Carlos Piantini489
(Oct 2008)
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Growth and Volatility in Developing Countries: The Role of Credits and Fiscal Policy

by María Elisa Farías488
(Oct 2008)
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The Choice of Fiscal Regimes in the World

by César Calderón; Klaus Schmidt-Hebbel487
(Sep 2008)
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Inflation Dynamics in a Small Open Economy Model Under Inflation Targeting: Some Evidence From Chile

by Marco del Negro; Frank Schorfheide486
(Sep 2008)
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Does Openness Imply Greater Vulnerability?

by César Calderón; Norman V. Loayza; Klaus Schmidt-Hebbel485
(Sep 2008)
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Optimal Monetary Policy Under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach

by Lars E.O. Svensson; Noah Williams484
(Sep 2008)
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Openness and Growth Volatility

by César Calderón; Klaus Schmidt-Hebbel483
(Sep 2008)
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Energy Costs and Productivity in Chilean Manufacturing Industry

by Roberto Álvarez; Álvaro García; Pablo García482
(Sep 2008)
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Business Cycles and Fiscal Policies: the Role of Institutions and financial Markets

by César Calderón; Klaus Schmidt-Hebbel481
(Aug 2008)
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Income Distribution In Chile, 1987-2006: Analysis And Policy Considerations

by Andrés Solimano; Arístides Torche480
(Aug 2008)
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What drives the Choice of Money-based Targets in the World?

by César Calderón ; Klaus Schmidt-Hebbel479
(Aug 2008)
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David Versus Goliath: The Impact of Chinese Competition on Developing Countries

by Roberto Álvarez; Sebastián Claro478
(Aug 2008)
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Forecasting Inflation Forecast Errors

by Andrea Betancor; Pablo Pincheira477
(Aug 2008)
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Productivity, Innovation and Exportations in the Chilean Manufacturing Industry

by Roberto Álvarez; Álvaro García476
(Aug 2008)
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The Choice of Inflation Targeting

by Gustavo Leyva475
(Jul 2008)
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Deposit Insurance, Moral Hazard and the Risk of Runs

by Nancy Silva474
(Jun 2008)
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Chinese Penetration and Importer Country Wages: Microevidence From Chile

by Roberto Álvarez; Luis Opazo.473
(Jun 2008)
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Exploring the Relationship Between R&D and Productivity: A Country-Level Study

by Claudio Bravo Ortega; Álvaro García Marín472
(Jun 2008)
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Alternative Measures of Core Inflation in Chile

by Felipe Córdova; María Carolina Grünwald; Michael Pedersen471
(May 2008)
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Trade Liberalization and Industry Dynamics: A Difference in Difference Approach

by Roberto Álvarez; Ricardo A. López470
(May 2008)
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Assessing Inflation Targeting in Latin America With a DSGE Model

by John McDermott; Peter McMenamin469
(May 2008)
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Compensación Inflacionaria en Chile

by Rómulo Chumacero; Luis Opazo468
(May 2008)
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Estimation of a Dynamic Panel Data: The Case Of Corporate Investment in Chile

by Rodrigo Alfaro467
(Apr 2008)
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Economic and Social Impacts of Energy Shocks: A General Equilibrium Analysis for Chile

by Raúl O`Ryan; Carlos de Miguel; Mauricio Pereira; Camilo Lagos466
(Apr 2008)
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Exchange Rate Pass-Through into Import Prices: The Case of Chile

by Roberto Álvarez; Patricio Jaramillo; Jorge Selaive465
(Apr 2008)
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Inference Using Instrumental Variable Estimators

by Rodrigo Alfaro464
(Apr 2008)
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Nonlinear Dynamic in the Chilean Stock Market: Evidence from Returns and Trading Volume

by Rodrigo Aranda; Patricio Jaramillo463
(Apr 2008)
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Measuring Equity Volatility: the case of Chilean Stock Index

by Rodrigo Alfaro; Carmen Gloria Silva462
(Apr 2008)
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Extended Measures of Capital Transactions

by Jorge Selaive; Beatriz Velásquez; José Miguel Villena461
(Mar 2008)
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External Imbalances, Valuation Adjustments and Real Exchange Rate: Evidence of Predictability in an Emerging Economy

by Jorge Selaive C. ; Pablo Pincheira B.460
(Mar 2008)
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Combining Tests of Predictive Ability Theory and Evidence for Chilean and Canadian Exchange Rates.

by Pablo Pincheira459
(Feb 2008)

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2007

Copper Price, Fiscal Policy and Business Cycle in Chile

by Juan Pablo Medina; Claudio Soto458
(Dec 2007)
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The Chilean Business Cycles Through the Lens of a Stochastic General Equilibrium Model

by Juan Pablo Medina; Claudio Soto457
(Dec 2007)
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Is Ownership Structure a Determinant of Bank Efficiency?

by Rodrigo Fuentes; Marcos Vergara456
(Dec 2007)
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Estimating the Output Gap for Chile

by Rodrigo Fuentes; Fabián Gredig; Mauricio Larraín455
(Dec 2007)
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Un Nuevo Marco para la Elaboración de los Programas de Impresión y Acuñación

by Rómulo Chumacero; Claudio Pardo; David Valdés454
(Dec 2007)
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Development Paths and Dynamic Comparative Advantages: When Leamer Met Solow

by Rodrigo Fuentes; Verónica Mies453
(Dec 2007)
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Experiences With Current Account Deficits in Southeast Asia

by Ramon Moreno452
(Dec 2007)
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Asymmetric Monetary Policy Rules and the Achievement of the Inflation Target: The Case of Chile

by Fabián Gredig451
(Dec 2007)
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Current Account Deficits: The Australian Debate

by Rochelle Belkar; Lynne Cockerell; Christopher Kent450
(Dec 2007)
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International Reserves Management and the Current Account

by Joshua Aizenman449
(Dec 2007)
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Estimating the Chilean Natural Rate of Interest

by Rodrigo Fuentes; Fabián Gredig448
(Dec 2007)
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Valuation Effects and External Adjustment: A Review

by Pierre-Oliver Gourinchas447
(Dec 2007)
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What Drives the Current Account in Commodity Exporting Countries? The Cases of Chile and New Zealand

by Juan Pablo Medina; Anella Munro; Claudio Soto446
(Dec 2007)
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The Role of Interest Rates and Productivity Shocks in Emerging Market Fluctuations

by Mark Aguiar; Guita Gopinath445
(Dec 2007)
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Financial Frections and Business Cycles in Middle Income Countries

by Jaime C. Guajardo444
(Dec 2007)
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Stocks, Flows and Valuation Effects of Foreign Assets and Liabilities: Do They Matter?

by Alfredo Pistelli; Jorge Selaive; Rodrigo Valdés443
(Dec 2007)
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Latin America's Access to International Capital Markets: Good Behavior or Global Liquidity?

by Ana Fostel; Graciela Kaminsky442
(Dec 2007)
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Crises in Emerging Market Economies: A Global Perspective

by Guillermo Calvo441
(Dec 2007)
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On Current Account Surpluses and the Correction of Global Imbalances

by Sebastián Edwards440
(Dec 2007)
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Current Account and External Financing: An Introduction

by Kevin Cowan; Sebastián Edwards; Rodrigo Valdés439
(Dec 2007)
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The Monetary Policy Horizon in Chile and Other Inflation-Targeting Countries

by Fabián Gredig, Klaus Schmidt-Hebbel, Rodrigo Valdés438
(Dec 2007)
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Exports and Productivity - Comparable Evidence for 14 Countries

by The International Study Group on Exports and Productivity437
(Dec 2007)
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Macroeconomic Fluctuations and Bank Behavior in Chile

by Adolfo Barajas; Leonardo Luna; Jorge Restrepo436
(Dec 2007)
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Hidden Predictability in Economics: The Case of the Chilean Exchange Rate

by Pablo Pincheira B.435
(Nov 2007)
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Exchange Rate Analysis in Practice

by Rodrigo Caputo; Marco Núñez; Rodrigo Valdés.434
(Nov 2007)
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High Frequency Dynamics of the Exchange Rate in Chile

by Kevin Cowan, David Rappoport , Jorge Selaive433
(Nov 2007)
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Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile

by Juan Pablo Medina, David Rappoport, Claudio Soto432
(Oct 2007)
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Inflation Dynamics and the Cost Channel: An Application for Chile

by David Coble431
(Oct 2007)
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Policy Responses to Sudden Stops in Capital Flows: The Case Of Chile In 1998

by Rodrigo Valdés P. ,430
(Oct 2007)
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Multinational Firms and Productivity Catching-Up: The Case Of Chilean Manufacturing

by Roberto Álvarez, Gustavo Crespi429
(Oct 2007)
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Changes in Monetary Policy Conduct and Their Effects on Banking Spreads,

by J. Rodrigo Fuentes, Verónica Mies428
(Oct 2007)
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Survival of Small and Medium-Sized Plants in Chile: Has it Changed over Time?, Does it Differ across Industries?

by Roberto Álvarez, Sebastián Vergara427
(Aug 2007)
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On the Sources of China's Export Growth

by Roberto Álvarez, Sebastián Claro426
(Aug 2007)
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Chilean Nominal Exchange Rate: Forecasting Base on Technical Analysis.

by Ana María Abarca, Felipe Alarcón, Pablo Pincheira, Jorge Selaive425
(Aug 2007)
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China, Commoditie Prices and Latin American Performance:A Few Stylized Facts

by Sergio Lehmann, David Moreno, Patricio Jaramillo424
(Aug 2007)
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Welfare Implications of a Second Lender in the International Markets

by Luis Opazo422
(Jul 2007)
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Inflation Compensation and Inflation Expectations in Chile

by Mauricio Larraín421
(Jun 2007)
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Intermediate Goods, Institutions and Output per Worker

by Kevin Cowan, Alejandro Neut420
(Jun 2007)
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Measuring TFP: A Latent Variable Approach

by Rodrigo Fuentes, Marco Morales419
(Jun 2007)
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Export Transitions

by Roberto Álvarez418
(May 2007)
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Another Pass-Through Bites the Dust? Oil Prices and Inflation

by José De Gregorio, Oscar Landerretche, Christopher Neilson417
(May 2007)
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Financial Diversification, Sudden Stops and Sudden Starts

by Kevin Cowan, José De Gregorio, Alejandro Micco, Christopher Neilson423
(Apr 2007)
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Multinationals as Stabilizers?: Economic Crisis and Plant Employment Growth

by Roberto Álvarez, Holger Görg412
(Mar 2007)
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