Details about Michael Pedersen

Access statistics for papers by Michael Pedersen.

Last updated 2025-03-25. Update your information in the RePEc Author Service.

Short-id: ppe219

Working Papers

2024

1. Judgment in macroeconomic output growth predictions: Efficiency, accuracy and persistence
   Papers, arXiv.org
   See also Journal Article Judgment in macroeconomic output growth predictions: Efficiency, accuracy and persistence, International Journal of Forecasting, Elsevier (2025) (2025)

2022

2. Consumer inflation expectations and regional price changes
   NBP Working Papers, Narodowy Bank Polski

2020

3. Surveying the survey: What can we learn about the effects of monetary policy on inflation expectations?
   Working Papers Central Bank of Chile, Central Bank of Chile

2019

4. Extracting Information of the Economic Activity from Business and Consumer Surveys in an Emerging Economy (Chile)
   Working Papers Central Bank of Chile, Central Bank of Chile
   See also Journal Article Extracting information on economic activity from business and consumer surveys in an emerging economy (Chile), Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2019) (2019)

2017

5. Forecasting Demand for Denominations of Chilean Coins and Banknotes
   Working Papers Central Bank of Chile, Central Bank of Chile

2016

6. Pass-Through, Expectations, and Risks. What Affects Chilean Banks’ Interest Rates?
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (2)

2015

7. Bank's Price Setting and Lending Maturity: Evidence from an Inflation- Targeting Economy
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (2)
8. The Impact of Commodity Price Shocks in a Major Producing Economy. The Case of Copper and Chile
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (7)

2014

9. The Changing Nature of Real Exchange Rate Fluctuations. New Evidence for Inflation-Targeting Countries
   Working Papers Central Bank of Chile, Central Bank of Chile
10. The Elusive Predictive Ability of Global Inflation
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (6)
    See also Journal Article The Elusive Predictive Ability of Global Inflation, International Finance, Wiley Blackwell (2016) View citations (19) (2016)

2013

11. Efectos de Shocks al Precio del Petróleo sobre la Economía de Chile y sus Socios Comerciales
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (5)
12. What Affects the Predictions of Private Forecasters? The Role of Central Bank Forecasts
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)

2011

13. Propagation of Shocks to Food and Energy Prices: an International Comparison
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (17)

2010

14. Extracting GDP Signals From the Monthly Indicator of Economic Activity: Evidence From Chilean Real-Time Data
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (8)
    See also Journal Article Extracting GDP signals from the monthly indicator of economic activity: Evidence from Chilean real-time data, OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys (2013) View citations (8) (2013)
15. Propagation of Inflationary Shocks
    EcoMod2010, EcoMod
16. Propagation of Inflationary Shocks in Chile and an International Comparison of Progagation of Shocks to food and Energy Prices
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
17. Una nota introductoria a la encuesta de Expectativas Económicas
    Economic Statistics Series, Central Bank of Chile View citations (8)

2009

18. Empalme de subclases del IPC de Chile Series mensuales 1989-2008
    Economic Statistics Series, Central Bank of Chile View citations (3)
19. Pass-through of Large Changes in Monetary Policy Rate – Evidence for Chile
    Working Papers Central Bank of Chile, Central Bank of Chile
    See also Journal Article Market Interest Rate Dynamics in Times of Financial Turmoil, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2010) View citations (1) (2010)

2008

20. Alternative Measures of Core Inflation in Chile
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
21. Encuestas de opinión empresarial del sector industrial en América Latina
    Estudios Estadísticos, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) View citations (4)

2007

22. Indicadores líderes compuestos: resumen de metodologías de referencia para construir un indicador regional en América Latina
    Estudios Estadísticos, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) View citations (8)
23. Un sistema de indicadores líderes compuestos para la región de América Latina
    Estudios Estadísticos, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) View citations (7)

2006

24. An Alternative Measure of Core Inflation
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (7)

2002

25. Does the Purchasing Power Parity Hold Within the US?
    Economics Working Papers, European University Institute
26. Finding Evidence of Stock Market Integration Applying a CAPM or Testing for Common Stochastic Trends. Is there a Connection?
    Economics Working Papers, European University Institute

Journal Articles

2025

1. Judgment in macroeconomic output growth predictions: Efficiency, accuracy and persistence
   International Journal of Forecasting, 2025, 41, (2), 475-486
   See also Working Paper Judgment in macroeconomic output growth predictions: Efficiency, accuracy and persistence, Papers (2024) (2024)

2024

2. The effect of monetary policy on inflation expectations: Evidence from a financial traders survey
   Economic Modelling, 2024, 137, (C)

2020

3. The changing nature of the real exchange rate: The role of central bank preferences
   Economic Modelling, 2020, 90, (C), 445-464 View citations (1)

2019

4. A system for forecasting Chilean cash demand – the role of forecast combinations
   Journal Economía Chilena (The Chilean Economy), 2019, 22, (2), 040-068
5. Anomalies in macroeconomic prediction errors–evidence from Chilean private forecasters
   International Journal of Forecasting, 2019, 35, (3), 1100-1107 View citations (2)
6. Extracting information on economic activity from business and consumer surveys in an emerging economy (Chile)
   Journal Economía Chilena (The Chilean Economy), 2019, 22, (3), 098-131
   See also Working Paper Extracting Information of the Economic Activity from Business and Consumer Surveys in an Emerging Economy (Chile), Working Papers Central Bank of Chile (2019) (2019)
7. The impact of commodity price shocks in a copper-rich economy: the case of Chile
   Empirical Economics, 2019, 57, (4), 1291-1318 View citations (12)

2018

8. Credit risk and monetary pass-through—Evidence from Chile
   Journal of Financial Stability, 2018, 36, (C), 144-158 View citations (2)

2017

9. Revisiting the price puzzle in Chile
   Notas de Investigación Journal Economía Chilena (The Chilean Economy), 2017, 20, (1), 072-079

2016

10. Propagation of inflationary shocks in Chile
    Journal Economía Chilena (The Chilean Economy), 2016, 19, (3), 004-025
11. The Elusive Predictive Ability of Global Inflation
    International Finance, 2016, 19, (2), 120-146 View citations (19)
    See also Working Paper The Elusive Predictive Ability of Global Inflation, Working Papers Central Bank of Chile (2014) View citations (6) (2014)

2015

12. Propagation of Shocks to Food and Energy Prices: A Cross-Country Analysis
    Czech Journal of Economics and Finance (Finance a uver), 2015, 65, (4), 272-289 View citations (1)
13. What affects the predictions of private forecasters? The role of central bank forecasts in Chile
    International Journal of Forecasting, 2015, 31, (4), 1043-1055 View citations (26)

2014

14. Effects of Oil-Price Shocks on The Economies Of Chile and Its Trading Partners
    Journal Economía Chilena (The Chilean Economy), 2014, 17, (1), 38-65

2013

15. Extracting GDP signals from the monthly indicator of economic activity: Evidence from Chilean real-time data
    OECD Journal: Journal of Business Cycle Measurement and Analysis, 2013, 2013, (1), 1-16 View citations (8)
    See also Working Paper Extracting GDP Signals From the Monthly Indicator of Economic Activity: Evidence From Chilean Real-Time Data, Working Papers Central Bank of Chile (2010) View citations (8) (2010)

2010

16. Incertidumbre en las Series Desestacionalizadas de Actividad y Demanda en Chile
    Notas de Investigación Journal Economía Chilena (The Chilean Economy), 2010, 13, (1), 63-72 View citations (2)
17. Market Interest Rate Dynamics in Times of Financial Turmoil
    Journal Economía Chilena (The Chilean Economy), 2010, 13, (1), 5-22 View citations (1)
    See also Working Paper Pass-through of Large Changes in Monetary Policy Rate – Evidence for Chile, Working Papers Central Bank of Chile (2009) (2009)

2009

18. An Alternative Core Inflation Measure
    German Economic Review, 2009, 10, (2), 139-164 View citations (4)
    Also in German Economic Review, 2009, 10, (2), 139-164 (2009) View citations (4)
19. Ponderaciones y la Tasa de Inflación en Chile
    Notas de Investigación Journal Economía Chilena (The Chilean Economy), 2009, 12, (1), 117-120 View citations (3)
20. Un indicador líder compuesto para la actividad económica en Chile
    Monetaria, 2009, XXXII, (2), 181-208 View citations (8)