Description

The Discussion Notes (DN) seek to examine relevant topics for monetary policy in Chile and the world. Their goal is to present a discussion on 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 in economics, highlighting the consensus as well as ongoing debates. The DN are prepared by economists from the Monetary Policy Division and do not necessarily reflect the official position of the Board of the Central Bank of Chile.