Details about Juan Pablo Medina

Access statistics for papers by Juan Pablo Medina.

Last updated 2025-06-06. Update your information in the RePEc Author Service.

Short-id: pme178

Working Papers

2025

1. Macroeconomic Impact of the Energy Transition
   MPRA Paper, University Library of Munich, Germany
2. We Are Not in a Gaussian World Anymore: Implications for the Composition of Official Foreign Assets
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

3. Escaping the Financial Dollarization Trap: The Role of Foreign Exchange Intervention
   IMF Working Papers, International Monetary Fund

2023

4. The Art and Science of Monetary and Fiscal Policies in Chile
   MPRA Paper, University Library of Munich, Germany
5. The term structure of firms' inflation expectations
   Documentos de trabajo, Banco Central del Uruguay

2021

6. Exchange Rate Pass-Through Conditional on Shocks and Monetary Policy Credibility. The Case of Uruguay
   Documentos de trabajo, Banco Central del Uruguay
7. Foreign Exchange Intervention, Capital Flows, and Liability Dollarization
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit View citations (5)
   Also in Working Papers, Banco Central de Reserva del Perú (2021) View citations (5)

2020

8. Shocks Matter: Managing Capital Flows with Multiple Instruments in Emerging Economies
   IMF Working Papers, International Monetary Fund View citations (4)

2019

9. Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration
   IMF Working Papers, International Monetary Fund View citations (23)
10. Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)

2017

11. Foreign Exchange Intervention and the Dutch Disease
    IMF Working Papers, International Monetary Fund View citations (3)
12. Unconventional Policies and Exchange Rate Dynamics
    IMF Working Papers, International Monetary Fund
    See also Journal Article Unconventional policies and exchange rate dynamics, Journal of International Money and Finance, Elsevier (2019) View citations (3) (2019)

2016

13. Foreign Exchange Intervention under Policy Uncertainty
    IMF Working Papers, International Monetary Fund View citations (5)

2015

14. Fiscal Consolidation During Times of High Unemployment: The Role of Productivity Gains and Wage Restraint
    IMF Working Papers, International Monetary Fund View citations (1)

2014

15. Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies
    IMF Working Papers, International Monetary Fund View citations (8)
16. Monetary and Macroprudential Policies to Manage Capital Flows
    IMF Working Papers, International Monetary Fund View citations (22)
    See also Journal Article Monetary and Macroprudential Policies to Manage Capital Flows, International Journal of Central Banking, International Journal of Central Banking (2018) View citations (12) (2018)

2011

17. Labor Market Dyncamics in Chile: the Role of Terms of Trade Shocks
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (8)

2010

18. Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
    IMF Working Papers, International Monetary Fund View citations (14)
    See also Journal Article Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?, International Journal of Central Banking, International Journal of Central Banking (2012) View citations (42) (2012)
19. The Financial Accelerator Under Learning and The Role of Monetary Policy
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (9)
    See also Chapter The Financial Accelerator under Learning and the Role of Monetary Policy, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2011) View citations (4) (2011)

2009

20. A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (2)
    Also in Conference papers, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project (2009)

2008

21. Overoptimism, Boom-Bust Cycles, And Monetary Policy In Small Open Economies
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
    See also Journal Article Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2008) View citations (3) (2008)
    Chapter Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2009) (2009)
22. What drives the current account in commodity exporting countries? The cases of Chile and New Zealand
    BIS Working Papers, Bank for International Settlements View citations (11)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2007) View citations (12)
    See also Journal Article What Drives the Current Account in Commodity-Exporting Countries? The Cases of Chile and New Zealand, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2007) View citations (4) (2007)
    Chapter What Drives the Current Account in Comodity Exporting Countries? The Cases of Chile and New Zealand, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2008) View citations (11) (2008)

2007

23. Copper Price, Fiscal Policu and Business Cycle in Chile
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (56)
24. Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (29)
    See also Journal Article Dynamics of Price Adjustments: Evidence From Micro Level Data For Chile, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2007) View citations (28) (2007)
25. Optimal Monetary Policy in a Small Open Economy Under Segmented Asset Markets and Sticky Prices
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2004) View citations (3)
    2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (3)
26. The Chilean Business Cycles Through the Lens of a Stochastic General Equilibrium Model
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (117)
27. Valuation Effects and External Adjustment: A Review
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)

2006

28. New Keynesian Models For Chile During the Inflation Targeting Regime: A Structural Approach
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (8)
    See also Journal Article NEW KEYNESIAN MODELS FOR CHILE DURING THE INFLATION TARGETING REGIME: A STRUCTURAL APPROACH, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2006) View citations (9) (2006)
29. The “Great Moderation” and the Monetary Transmission Mechanism in Chile
    Working Papers Central Bank of Chile, Central Bank of Chile
    See also Chapter The "great moderation" and the monetary transmission mechanism in Chile, BIS Papers chapters, Bank for International Settlements (2008) View citations (7) (2008)

2005

30. Oil Shocks and Monetary Policy in an Estimated DSGE Model for a Small Open Economy
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (83)

2004

31. Endogenous Financial Constraints: Persistence and Interest Rate Fluctuations
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
32. Simple Monetary Policy Rules for Developing Countries
    Econometric Society 2004 Latin American Meetings, Econometric Society
33. The Default Rate and Price of Capital in a Costly External Finance Model
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
    See also Journal Article Default rate and price of capital in a costly external finance model, Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business (2006) View citations (1) (2006)

2000

34. Optimal Monetary Policy Rules Under Inflation Range Targeting
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (5)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2000) View citations (11)
    See also Chapter Optimal Monetary Policy Rules under Inflation Range Targeting, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) View citations (3) (2002)
35. Optimal Monetary Policy Rules when the Current Account Matters
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (12)
    See also Chapter Optimal MOnetary Policy Rules when the Current Account Matters, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) View citations (4) (2002)

1998

36. Liquidez y Decisiones de Inversión en Chile: Evidencia de Sociedades Anónimas
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (6)

Journal Articles

2024

1. Green hydrogen exports in New Zealand and Chile can improve electricity supply security if configured as local energy insurance
   Energy, 2024, 304, (C) View citations (3)
2. Heterogeneous inflation expectations: A call for customized monetary policy communication?
   Journal of International Money and Finance, 2024, 149, (C)

2023

3. Latin America’s Renewable Energy Impact: Climate Change and Global Economic Consequences
   Energies, 2023, 17, (1), 1-48

2022

4. Conditional exchange rate pass-through and monetary policy credibility: Insights from Uruguay and Chile
   Economic Modelling, 2022, 114, (C) View citations (4)
5. Foreign exchange intervention for commodity booms and busts
   European Economic Review, 2022, 143, (C) View citations (6)

2021

6. Mining development and macroeconomic spillovers in Chile
   Resources Policy, 2021, 70, (C) View citations (2)
7. Saving for the future: Evaluating the sustainability and design of Pension Reserve Funds
   Pacific-Basin Finance Journal, 2021, 68, (C) View citations (2)

2020

8. Mundell meets Poole: Managing capital flows with multiple instruments in emerging economies
   Journal of International Money and Finance, 2020, 109, (C) View citations (3)

2019

9. Fiscal Deficits and Unemployment Dynamics: The Role of Productivity Gains and Wage Rigidities
   Review of Economic Dynamics, 2019, 34, 121-140
   See also Software Item Code and data files for "Fiscal austerity and unemployment", Computer Codes (2019) (2019)
10. Foreign exchange intervention and inflation targeting: The role of credibility
    Journal of Economic Dynamics and Control, 2019, 106, (C), - View citations (14)
11. Unconventional policies and exchange rate dynamics
    Journal of International Money and Finance, 2019, 95, (C), 402-423 View citations (3)
    See also Working Paper Unconventional Policies and Exchange Rate Dynamics, IMF Working Papers (2017) (2017)
12. Unveiling the objectives of central banks: Tales of four Latin American countries
    Economic Modelling, 2019, 76, (C), 81-100 View citations (7)

2018

13. Monetary and Macroprudential Policies to Manage Capital Flows
    International Journal of Central Banking, 2018, 14, (1), 201-257 View citations (12)
    See also Working Paper Monetary and Macroprudential Policies to Manage Capital Flows, IMF Working Papers (2014) View citations (22) (2014)

2016

14. Commodity prices and fiscal policy in a commodity exporting economy
    Economic Modelling, 2016, 59, (C), 335-351 View citations (36)

2012

15. Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
    International Journal of Central Banking, 2012, 8, (1), 5-46 View citations (42)
    See also Working Paper Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?, IMF Working Papers (2010) View citations (14) (2010)
16. Labor Market Dynamic in Chile:The Role of the Terms of Trade
    Journal Economía Chilena (The Chilean Economy), 2012, 15, (1), 32-75 View citations (8)

2011

17. Optimal Monetary Policy and Social Insurance in a Small Open Economy
    The B.E. Journal of Macroeconomics, 2011, 11, (1), 40 View citations (4)

2009

18. Efectos de Primas Financieras Sobre la Actividad Agregada
    Notas de Investigación Journal Economía Chilena (The Chilean Economy), 2009, 12, (3), 89-101 View citations (2)

2008

19. Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies
    Journal Economía Chilena (The Chilean Economy), 2008, 11, (3), 81-104 View citations (3)
    See also Chapter Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies, Central Banking, Analysis, and Economic Policies Book Series, 2009, 13, 563-600 (2009) (2009)
    Working Paper Overoptimism, Boom-Bust Cycles, And Monetary Policy In Small Open Economies, Working Papers Central Bank of Chile (2008) View citations (3) (2008)

2007

20. Dynamics of Price Adjustments: Evidence From Micro Level Data For Chile
    Journal Economía Chilena (The Chilean Economy), 2007, 10, (2), 5-26 View citations (28)
    See also Working Paper Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile, Working Papers Central Bank of Chile (2007) View citations (29) (2007)
21. What Drives the Current Account in Commodity-Exporting Countries? The Cases of Chile and New Zealand
    Journal Economía Chilena (The Chilean Economy), 2007, 10, (3), 67-114 View citations (4)
    See also Working Paper What drives the current account in commodity exporting countries? The cases of Chile and New Zealand, BIS Working Papers (2008) View citations (11) (2008)
    Chapter What Drives the Current Account in Comodity Exporting Countries? The Cases of Chile and New Zealand, Central Banking, Analysis, and Economic Policies Book Series, 2008, 12, 369-434 (2008) View citations (11) (2008)

2006

22. Default rate and price of capital in a costly external finance model
    Revista de Analisis Economico – Economic Analysis Review, 2006, 21, (1), 3-28 View citations (1)
    See also Working Paper The Default Rate and Price of Capital in a Costly External Finance Model, Working Papers Central Bank of Chile (2004) View citations (3) (2004)
23. NEW KEYNESIAN MODELS FOR CHILE DURING THE INFLATION TARGETING REGIME: A STRUCTURAL APPROACH
    Journal Economía Chilena (The Chilean Economy), 2006, 9, (3), 73-95 View citations (9)
    See also Working Paper New Keynesian Models For Chile During the Inflation Targeting Regime: A Structural Approach, Working Papers Central Bank of Chile (2006) View citations (8) (2006)

1998

24. Flujo de Caja y Decisiones de Inversión en Chile: Evidencia de Sociedades Anónimas Abiertas
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1998, 35, (106), 301-323 View citations (21)

Chapters

2011

1. The Financial Accelerator under Learning and the Role of Monetary Policy
   Chapter 07 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 185-218 View citations (4)
   See also Working Paper The Financial Accelerator Under Learning and The Role of Monetary Policy, Central Bank of Chile (2010) View citations (9) (2010)

2009

2. Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies
   Chapter 14 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 563-600
   See also Working Paper Overoptimism, Boom-Bust Cycles, And Monetary Policy In Small Open Economies, Central Bank of Chile (2008) View citations (3) (2008)
   Journal Article Overoptimism, Boom-Bust Cycles and Monetary Policy in Small Open Economies, Central Bank of Chile (2008) View citations (3) (2008)

2008

3. The "great moderation" and the monetary transmission mechanism in Chile
   A chapter in Transmission mechanisms for monetary policy in emerging market economies, 2008, vol. 35, pp 159-178 View citations (7)
   See also Working Paper The “Great Moderation” and the Monetary Transmission Mechanism in Chile, Central Bank of Chile (2006) (2006)
4. What Drives the Current Account in Comodity Exporting Countries? The Cases of Chile and New Zealand
   Chapter 10 in Current Account and External Financing, 2008, vol. 12, pp 369-434 View citations (11)
   See also Journal Article What Drives the Current Account in Commodity-Exporting Countries? The Cases of Chile and New Zealand, Central Bank of Chile (2007) View citations (4) (2007)
   Working Paper What drives the current account in commodity exporting countries? The cases of Chile and New Zealand, Bank for International Settlements (2008) View citations (11) (2008)

2007

5. New Keynesian Models for Chile in the Inflation-Targeting Period
   Chapter 13 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 507-546 View citations (37)

2002

6. Optimal MOnetary Policy Rules when the Current Account Matters
   Chapter 4 in Monetary Policy: Rules and Transmission Mechanisms, 2002, vol. 4, pp 047-064 View citations (4)
   See also Working Paper Optimal Monetary Policy Rules when the Current Account Matters, Central Bank of Chile (2000) View citations (12) (2000)
7. Optimal Monetary Policy Rules under Inflation Range Targeting
   Chapter 5 in Monetary Policy: Rules and Transmission Mechanisms, 2002, vol. 4, pp 095-116 View citations (3)
   See also Working Paper Optimal Monetary Policy Rules Under Inflation Range Targeting, Cambridge - Risk, Information & Quantity Signals (2000) View citations (5) (2000)

Software Items

2019

1. Code and data files for "Fiscal austerity and unemployment"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Fiscal Deficits and Unemployment Dynamics: The Role of Productivity Gains and Wage Rigidities, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) (2019)