Working Papers Central Bank of Chile - 2010

The Working Paper Series of the Central Bank of Chile disseminates economic research conducted by Central Bank staff or third parties under the sponsorship of the Bank. The purpose of the series is to contribute to the discussion of relevant issues and develop new analytical or empirical approaches in their analysis. The only aim of the Working Papers is to disseminate preliminary research for its discussion and comments.


Publication of Working Papers is not subject to previous approval by the members of the Board of the Central Bank. The views and conclusions presented in the papers are exclusively those of the author(s) and do not necessarily reflect the position of the Central Bank of Chile or of the Board members.

If you want to receive by e-mail the latest list of working papers published, please contact editor Carlos Alvarado.

Working papers number 556 ahead

Number title Authors date
590 The Financial Accelerator Under Learning and The Role of Monetary Policy Rodrigo Caputo
Juan Pablo Medina
Claudio Soto		 August 2010
589 Conventional Calibration Versus EDF Calibration J. Felipe Córdova July 2010
588 Nowcasting With Google Trends in an Emerging Market Yan Carrière-Swallow
Felipe Labbé		 July 2010
587 Inflation Targeting in Financially Stable Economies: Has it been Flexible Enough? Mauricio Calani
Kevin Cowan
Pablo García S.		 July 2010
586 Heterodox Central Banking Luis Felipe Céspedes
Roberto Chang
Javier García-Cicco		 July 2010
585 Recessions and Financial Disruptions in Emerging Markets: A Bird´s Eye View Stijn Claessens
M. Ayhan Kose
Marco E. Terrones		 June 2010
584 The Role of Labor Markets in Structural Change. Miguel Ricaurte June 2010
583 Firm Dynamics and Real Exchange Rate Fluctuations: Does Trade Openness Matter? Evidence from Mexico´s Manufacturing Sector Miguel Fuentes
Pablo Ibarrarán		 June 2010
582 Revisiting Overborrowing and its Policy Implications Gianluca Benigno
Huigang Chen
Christopher Otrok
Alessandro Rebucci
Eric R. Young		 June 2010
581 Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap
 Michael Devereux May 2010
580 Anchors Away: How Fiscal Policy Can Undermine "Good" Monetary Policy Eric Leeper May 2010
579 The Credit Channel and Monetary Transmission in Brazil and Chile: A Structural VAR Approach Luis Catão
Adrian Pagan 		May 2010
578 Borrowing Constraints and Credit Demand Jaime Ruiz-Tagle
Francis Vella		 May 2010
577 Proyección Agregada y Desagregada del PIB Chileno con Procedimientos Automatizados de Series de Tiempo Carlos Medel
Marcela Urrutia		 May 2010
576 Competition and Stability in Banking Xavier Vives May 2010
575 The Global Financial Crisis Franklin Allen
Elena Carletti 		May 2010
574 The Determinants of Household Debt Default Rodrigo Alfaro
Natalia Gallardo
Roberto Stein 		May 2010
573 On the Quantitative Effects of Unconventional Monetary Policies Javier García-Cicco April 2010
572 Commodity Prices Pass-Through Roberto Rigobon April 2010
571 Supply and Demand Identification in the Credit Market Mauricio Calani C.
Pablo García S.
Daniel Oda Z. 		April 2010
570 Forward premium puzzle and term structure of interest rates: the case of New Zealand Carmen Gloria Silva April 2010
569 Distress Dependence and Financial Stability Miguel A. Segoviano
Charles Goodhart		 April 2010
568 How does political instability affect economic growth? Ari Aisen
Francisco José Veiga		 March 2010
567 Auge y caída de precios de commodities y su impacto sobre precios domésticos: Comparación internacional Alfredo Pistelli
Víctor Riquelme 		March 2010
566 Propagation of Inflationary Shocks in Chile and an International Comparison of Progagation of Shocks to food and Energy Prices. Michael Pedersen March 2010
565 El éxito de las casas comerciales en Chile: ¿Regulación o buena gestión?
 Juan Pablo Montero
Jorge Tarziján		 March 2010
564 Liquidity Crises and Corporate Cash Holdings in Chile Roberto Álvarez
Andrés Sagner
Carla Valdivia		 March 2010
563 Ricardian Equivalence Proposition in a NK DSGE Model for two Large Economies: The EU and the US Jorge A. Fornero March 2010
562 Competencia y Toma de Riesgo en el Mercado de Créditos de Consumo Bancario Chileno (1997-2009) Daniel Oda
Nancy Silva		 March 2010
561 Estimating Models for Monetary Policy Analysis in Emerging Countries Javier García-Cicco March 2010
560 An assignment model with match specific productivity
 Alberto Naudon March 2010
559 El Escaso Poder Predictivo de Simples Curvas de Phillips en Chile: Una Evaluación en Tiempo Real
 Pablo Pincheira
Hernán Rubio		 March 2010
558 A Stochastic Assignment Model Alberto Naudon March 2010
557 Valorización por Arbitraje de Bonos y Acciones Chilenas Mediante el Método de Componentes Principales Natalia Gallardo
Andrés Sagner		 March 2010
556 A Real Time Evaluation of the Central Bank of Chile GDP Growth Forecasts Pablo Pincheira February 2010