Series on Central Banking, Analysis, and Economic Policies

The Book Series on "Central Banking, Analysis, and Economic Policies" of the Central Bank of Chile publishes new research on central banking and economics in general, with special emphasis on issues and fields that are relevant to economic policies in developing economies. The volumes are published in Spanish or English. Policy usefulness, high-quality research, and relevance to Chile and other economies are the main criteria for publishing books. Most research published by the Series has been conducted in or sponsored by the Central Bank of Chile.

Book manuscripts are submitted to the Series editors for a review process with active participation by outside referees. The Series editors submit manuscripts for final approval to the Editorial Board of the Series and to the Board of the Central Bank of Chile. Final publication will be both in paper and electronic format.

The views and conclusions presented in the books are exclusively those of the authors and do not necessarily reflect the position of the Central Bank of Chile or of the Board members.

How to order:

The price per issue is 15,000 pesos (VAT included) or US$40 (for payment in foreign currency).

Payments can be made by credit cards (VISA, Mastercard, Diners or Magna only) or by check extended to Banco Central de Chile and addressed to:

Banco Central de Chile
Departamento Publicaciones
Huérfanos 1175
Santiago

Please address any further inquires to telephones (56-2) 670 2888 or 670 2663 or fax (56-2) 670 2231

Foreword

Carlos Massad Former Governor
Central Bank of Chile

Preface

Anne Krueger First Deputy Managing Director International Monetary Fund

Editors

Norman Loayza World Bank
Claudio Raddatz Banco Central de Chile

Editorial Board

Ricardo J. Caballero, Massachusetts Institute of Technology
Vittorio Corbo, Centro de Estudios Públicos
Sebastián Edwards, University of California at Los Angeles
Jordi Galí, Universitat Pompeu Fabra
Gian Maria Milesi-Ferreti, International Monetary Fund
Carmen Reinhart, Harvard University
Andrea Repetto, Universidad Adolfo Ibáñez
Andrés Solimano, Facultad Latinoamericana de Ciencias Sociales

Assitant Editor

Consuelo Edwards Banco Central de Chile

Central Banking Series

Volume 17: Fiscal Policy and Macroeconomic Performance

Edited by Luis Felipe Céspedes; Jordi Galí



 

Central Banking Series

Volume 16: Monetary Policy under Financial Turbulence

Edited by Luis Felipe Céspedes; Roberto Chang; Diego Saravia



Central Banking Series

Volume 13: Monetary Policy under Uncertainty and Learning

Edited by Klaus Schmidt-Hebbel and Carl E. Walsh

 
Central Banking Series

Volume 12: Current Account and External Financing

Edited by Kevin Cowan; Sebastián Edwards and Rodrigo O. Valdés

Central Banking Series

Volume 11: Monetary Policy Under Inflation Targeting

Edited by Frederic S. Mishkin and Klaus Schmidt-Hebbel

Central Banking Series

Volume 10: External Vulnerability and Preventive Policies

Edited by Ricardo J. Caballero; César Calderón and Luis Felipe Céspedes

Central Banking Series

Volume 9: General Equilibrium Models For The Chilean Economy

Edited by Rómulo A. Chumacero and Klaus Schmidt-Hebbel

 
Central Banking Series

Volume 8: Labor Markets and Institutions

Edited by Jorge Enrique Restrepo and Andrea Tokman R.

Central Banking Series

Volume 7: Banking Market Structure and Monetary Policy

Edited by Luis Antonio Ahumada and Rodrigo Fuentes

Central Banking Series

Volume 6: Economic Growth: Sources, Trends and Cycles

Edited by Norman Loayza and Raimundo Soto

Central Banking Series

Volume 5: Inflation Targeting: Design, Performance, Challenges

Edited by Norman Loayza and Raimundo Soto

 
Central Banking Series

Volume 4: Monetary Policy: Rules and Transmission Mechanism

Edited by Norman Loayza and Klaus Schmidt-Hebbel

Central Banking Series

Volume 3: Banking, Financial Integration and International Crises

Edited by Leonardo Hernández and Klaus Schmidt-Hebbel

Central Banking Series

Volume 2: Indexation, Inflation and Monetary Policy

Edited by Fernando Lefort and Klaus Schmidt-Hebbel

Central Banking Series

Volume 1: Empirical Analysis of Saving in Chile

Edited by Felipe Morandé and Rodrigo Vergara

 

Only available in Spanish