Description

The Discussion Notes (DN) seek to examine issues that are relevant for monetary policy in Chile and the world. Their goal is to present a discussion regarding the current state of the literature, highlighting the most important implications for the design of monetary policy. For that purpose, the Notes describe the different approaches set forth by frontier research, highlighting the consensus as well as debates that are still open. The DN are elaborated by economists from the Monetary Policy Division and do not necessarily reflect the official position of the Board of the Central Bank of Chile.