This paper proposes a closed-economy new keynesian model to evaluate the role of high growth rate of monetary aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived by the model through Generalized Method of Moments (GMM). Main results do not find statistical evidence of relevant additional information in monetary aggregates -M1A and M2A- to predict inflation that were not contained in lags of output gap
For policy makers and business cycles analysts is important to count on variables that anticipate po...
Este trabajo presenta una medida de brecha del producto basada en modelos, la cual se estima por máx...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
This paper proposes a closed-economy new keynesian model to evaluate the role of high growth rate of...
As monetary policy decisions under inflation targeting are based on the projections of the target va...
As monetary policy decisions under inflation targeting are based on the projections of the target va...
This work describes the role of money in the current inflation-targeting framework in Chile, in part...
This brief review takes stock of the recent literature on monetary policy under inflation targeting ...
Empirical estimates of the demand for money exhibit standard problems: model instability, parameter ...
This article critically reviews the economic literature on money demand, stressing empirical results...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
The purpose of this paper is to obtain a set of estimates of the non-accelerating-inflation rate of ...
The choice between maintaining or giving up the national currency is determined by putting on balanc...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
Este trabajo presenta una medida de brecha del producto basada en modelos, la cual se estima por máx...
For policy makers and business cycles analysts is important to count on variables that anticipate po...
Este trabajo presenta una medida de brecha del producto basada en modelos, la cual se estima por máx...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
This paper proposes a closed-economy new keynesian model to evaluate the role of high growth rate of...
As monetary policy decisions under inflation targeting are based on the projections of the target va...
As monetary policy decisions under inflation targeting are based on the projections of the target va...
This work describes the role of money in the current inflation-targeting framework in Chile, in part...
This brief review takes stock of the recent literature on monetary policy under inflation targeting ...
Empirical estimates of the demand for money exhibit standard problems: model instability, parameter ...
This article critically reviews the economic literature on money demand, stressing empirical results...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
The purpose of this paper is to obtain a set of estimates of the non-accelerating-inflation rate of ...
The choice between maintaining or giving up the national currency is determined by putting on balanc...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...
Este trabajo presenta una medida de brecha del producto basada en modelos, la cual se estima por máx...
For policy makers and business cycles analysts is important to count on variables that anticipate po...
Este trabajo presenta una medida de brecha del producto basada en modelos, la cual se estima por máx...
In order to predict the inflation of Chile, we considered multivariate time series models and contra...