Working Papers Central Bank of Chile - 2008

Working papers number 459 - 512

Number title Authors date
512 A Systemic Approach to Money Demand Modeling Mauricio Calani
J. Rodrigo Fuentes
Klaus Schmidt-Hebbel
December 2008
511 Forecasting Chilean Inflation in Difficult Times Juan Díaz; Gustavo Leyva December 2008
510 Overoptimism, Boom-Bust Cycles, And Monetary Policy In Small Open Economies Manuel Marfán; Juan Pablo Medina; Claudio Soto December 2008
509 Monetary Policy Under Uncertainty and Learning: An Overview Klaus Schmidt-Hebbel; Carl E. Walsh December 2008
508 Estimación de Var Bayesianos para la Economía Chilena Patricio Jaramillo December 2008
507 Chile’s Growth and Development: Leadership, Policy-Making Process, Policies, and Results Klaus Schmidt-Hebbel December 2008
506 Exit in Developing Countries: Economic Reforms and Plant Heterogeneity Roberto Álvarez; Sebastián Vergara December 2008
505 The Dynamics of Inflation Persistence in Chile Pablo Pincheira December 2008
504 Robust Learning Stability with Operational Monetary Policy Rules George W. Evans; Seppo Honkapohja November 2008
503 Banking Risk Exposure Rodrigo Alfaro; Daniel Calvo; Daniel Oda November 2008
502 Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results Bennett T. McCallum October 2008
501 Expectations, Learning, And Monetary Policy: An Overview Of Recent Research George W. Evans; Seppo Honkapohja October 2008
500 Higher Order Properties of the Symmetrically Normalized Instrumental Variable Estimator Rodrigo Alfaro October 2008
499 Imperfect Knowledge And The Pitfalls Of Optimal Control Monetary Policy Athanasios Orphanides; John C. Williams October 2008
498 Macroeconomic And Monetary Policies From The Eductive Viewpoint Roger Guesnerie October 2008
497 Macroeconomics, Monetary Policy and the Central Bank´s Net Worth Jorge E. Restrepo, Luis Salomó and Rodrigo Valdés October 2008
496 Microeconomic Evidence of Nominal Wage Rigidity in Chile Marcus Cobb; Luis Opazo October 2008
495 A Sticky-Information General Equilibrium Model for Policy Analysis Ricardo Reis October 2008
494 Choosing an Exchange Rate Regime César Calderón; Klaus Schmidt Hebbel October 2008
493 Learning, Endogenous Indexation, and Disinflation in the New-Keynesian Model Volker Wieland October 2008
492 Sources of Uncertainty for Conducting Monetary Policy in Chile Felipe Morandé; Mauricio Tejada October 2008
491 What Drives Inflation in the World? César Calderón; Klaus Schmidt Hebbel October 2008
490 Inflation Target Transparency and the Macroeconomy Martin Melecky; Diego Rodríguez Palenzuela; Ulf Söderström October 2008
489 Multimodality Test and Mixture Distributions: An Application to the Central Bank Expectation Surve Patricio Jaramillo; Juan Carlos Piantini October 2008
488 Growth and Volatility in Developing Countries: The Role of Credits and Fiscal Policy María Elisa Farías October 2008
487 The Choice of Fiscal Regimes in the World César Calderón; Klaus Schmidt-Hebbel September 2008
486 Inflation Dynamics in a Small Open Economy Model Under Inflation Targeting: Some Evidence From Chile Marco del Negro; Frank Schorfheide September 2008
485 Does Openness Imply Greater Vulnerability? César Calderón; Norman V. Loayza; Klaus Schmidt-Hebbel September 2008
484 Optimal Monetary Policy Under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach Lars E.O. Svensson; Noah Williams September 2008
483 Openness and Growth Volatility César Calderón; Klaus Schmidt-Hebbel September 2008
482 Energy Costs and Productivity in Chilean Manufacturing Industry Roberto Álvarez; Álvaro García; Pablo García September 2008
481 Business Cycles and Fiscal Policies: the Role of Institutions and financial Markets César Calderón; Klaus Schmidt-Hebbel August 2008
480 Income Distribution In Chile, 1987-2006: Analysis And Policy Considerations Andrés Solimano; Arístides Torche August 2008
479 What drives the Choice of Money-based Targets in the World? César Calderón ; Klaus Schmidt-Hebbel August 2008
478 David Versus Goliath: The Impact of Chinese Competition on Developing Countries Roberto Álvarez; Sebastián Claro August 2008
477 Improving Inflation Forecasts From the Survey of Professional Forecasters in Chile Andrea Bentancor; Pablo Pincheira August 2008
476 Productivity, Innovation and Exportations in the Chilean Manufacturing Industry Roberto Álvarez; Álvaro García August 2008
475 The Choice of Inflation Targeting Gustavo Leyva July 2008
474 Deposit Insurance, Moral Hazard and the Risk of Runs Nancy Silva June 2008
473 Chinese Penetration and Importer Country Wages: Microevidence From Chile Roberto Álvarez; Luis Opazo. June 2008
472 Exploring the Relationship Between R&D and Productivity: A Country-Level Study Claudio Bravo Ortega; Álvaro García Marín June 2008
471 Alternative Measures of Core Inflation in Chile Felipe Córdova; María Carolina Grünwald; Michael Pedersen May 2008
470 Trade Liberalization and Industry Dynamics: A Difference in Difference Approach Roberto Álvarez; Ricardo A. López May 2008
469 Assessing Inflation Targeting in Latin America With a DSGE Model John McDermott; Peter McMenamin May 2008
468 Compensación Inflacionaria en Chile Rómulo Chumacero; Luis Opazo May 2008
467 Estimation of a Dynamic Panel Data: The Case Of Corporate Investment in Chile Rodrigo Alfaro April 2008
466 Economic and Social Impacts of Energy Shocks: A General Equilibrium Analysis for Chile Raúl O`Ryan; Carlos de Miguel; Mauricio Pereira; Camilo Lagos April 2008
465 Exchange Rate Pass-Through into Import Prices: The Case of Chile Roberto Álvarez; Patricio Jaramillo; Jorge Selaive April 2008
464 Inference Using Instrumental Variable Estimators Rodrigo Alfaro April 2008
463 Nonlinear Dynamic in the Chilean Stock Market: Evidence from Returns and Trading Volume Rodrigo Aranda; Patricio Jaramillo April 2008
462 Measuring Equity Volatility: the case of Chilean Stock Index Rodrigo Alfaro; Carmen Gloria Silva April 2008
461 Extended Measures of Capital Transactions Jorge Selaive; Beatriz Velásquez; José Miguel Villena March 2008
460 External Imbalances, Valuation Adjustments and Real Exchange Rate: Evidence of Predictability in an Emerging Economy Jorge Selaive C. ; Pablo Pincheira B. March 2008
459 Combining Tests of Predictive Ability: Theory and Evidence for Chilean and Canadian Exchange Rates Pablo Pincheira February 2008