Working Papers Central Bank of Chile

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220: The Effects of Nominal and Real Shocks on the Chilean Real Exchange Rate During the Nineties

Claudio Soto

219: Monetary Policy, Job Flows and Unemployment in a Sticky Price Framework

Claudio Soto

218: Is There Lending Rate Stickiness in the Chilean Banking Industry?

Solange Berstein and Rodrigo Fuentes

217: Macroeconomic Policies and Performance in Latin America

Cesar Calderon and Klaus Schmidt-Hebbel

216: Openness and Imperfect Pass-Through: Implications for the Monetary Policy

Claudio Soto and Jorge Selaive

215: Purchasing Power Parity in an Emerging Market Economy: A Long-Span Study for Chile

Cesar Calderon and Roberto Duncan

214: Non-Traded Goods and Monetary Policy Trade-Offs in a Small Open Economy

Claudio Soto

213: Do Free Trade Agreements Enhance the Transmission of Shocks Across Countries?

Cesar Calderon

212: Crisis Financieras Internacionales, Prestamista de Última Instancia y Nueva Arquitectura Financiera Internacional

Esteban Jadresic, Klaus Schmidt-Hebbel and Rodrigo Valdés

211: Reserves Over the Transitions to Floating and to Inflation Targeting: Lessons From the Developed World

Fernando Aportela, Francisco Gallego and Pablo Garcia Silva

210: Trade Reforms and Manufacturing Industry in Chile

Roberto Alvarez and Rodrigo Fuentes

209: Corporate Governance in Chile

Manuel Agosin and Ernesto Pasten

208: Indicadores Líderes del IMACEC

Luis Firinguetti and Hernán Rubio

207: El Embriague Financiero: Una Visión Alternativa de Amplificación Bancaria

Elías Albagli

206: Efectos de las Intervenciones en el Mercado Cambiario: El Caso de Chile

Matias Tapia and Andrea Tokman

205: Policy Evaluation and Empirical Growth Research

Steven Durlauf

204: Growth and Adjustment in Chile: a Look at the 1990s

Vittorio Corbo and José Tessada

203: Microeconomic Effects of Capital Controls: The Chilean Experience During the 1990s

Francisco Gallego and Leonardo Hernández

202: Building Confidence Intervals for the Band-Pass and Hodrick-Prescott Filters: An Application Using Bootstrapping

Francisco Gallego and Christian Johnson

201: Dinero e Inflación: ¿En Qué Estamos?

Jose De Gregorio

200: Exploring the Implications of Official Dollarization on Macroeconomic Volatility

Roberto Duncan

199: Errores de Proyección en Perspectiva

Elías Albagli, Gabriela Contreras, Pablo Garcia Silva, Igal Magendzo and Rodrigo Valdés

198: Dinero e Inflación en el Marco de Metas de Inflación

Pablo García S. and Rodrigo Valdés

197: Efectos de la Nominalización de la Política Monetaria en Chile

Rodrigo Fuentes, Alejandro Jara, Klaus Schmidt-Hebbel, Matias Tapia and Erika Arraño

196: The Role of Foreign Direct Investment and Natural Resources in Economic Development

Jose De Gregorio

195: Trade Intensity and Business Cycle Synchronization: Are Developing Countries Any Different?

Cesar Calderon, Alberto Chong and Ernesto Stein

194: Fiscal and Monetary Policy Coordination in EMU

Juergen von Hagen and Susanne Mundschenk

193: Reflections on the Optimal Currency Area (oca) Criteria in the Light of EMU

Michael Artis

192: Growth, Integration, and Macroeconomic Policy Design: Some Lessons for Latin America

David Begg

191: Curva de Beveridge, Vacantes y Desempleo: Chile 1986-2002.II

Dolly Belani, Pablo Garcia Silva and Ernesto Pasten

190: How Well Does a Monetary Dynamic Equilibrium Model Account for Chilean Data?

Roberto Duncan

189: EMU and Accession Countries: Fuzzy Cluster Analysis of Membership

Dmitri Boreiko

188: Monetary Integration in the Southern Cone: Mercosur is Not Like the EU?

Ansgar Belke and Daniel Gros

187: Infrastructure Compression and Public Sector Solvency in Latin America

Cesar Calderon, William Easterly and Luis Servén

186: The Output Cost of Latin America’s Infrastructure Gap

Cesar Calderon and Luis Servén

185: How Did Latin America’s Infrastructure Fare in the era of Macroeconomic Crises?

Cesar Calderon, William Easterly and Luis Servén

184: The Direction of Causality Between Financial Development and Economic Growth

Cesar Calderon and Lin Liu

183: A Review of the Literature on Early Warning Systems for Banking Crises

Alejandro Gaytán and Christian Johnson

182: Are Devaluations Really Contractionary?

I.Igal Magendzo

181: Política Monetaria y Mecanismos de Transmisión: Nuevos Elementos para una Vieja Discusión

Verónica Mies, Felipe Morandé and Matias Tapia

180: Turnover and Regulation: The Chilean Pension Fund Industry

Solange Berstein and Alejandro Micco

179: Empalme PIB: Series Anuales y Trimestrales 1986 - 1995, Base 1996. Documento Metodológico

Víctor Correa, Antonio Escandón, René Luengo and José Venegas.

178: An Evaluation of Monetary Regime Options for Latin America

Andrew Berg, Eduardo Borensztein and Paolo Mauro

177: Desestacionalización de Series Económicas: el Procedimiento Usado por el Banco Central de Chile

Héctor Felipe Bravo, Leonardo Luna, Víctor Correa and Francisco Ruiz

176: Is There Enough Evidence Against Absolute Convergence?

Romulo Chumacero

175: Dollarization and Economic Performance: What Do we Really Know?

Sebastian Edwards and I. Igal Magendzo

174: Productivity and Economic Growth: the Case of Chile

Harald Beyer B. and Rodrigo Vergara

173: Greenfield Fdi vs. Mergers and Acquisitions: Does the Distinction Matter?

Cesar Calderon, Norman Loayza and Luis Servén

172: 15 Years of New Growth Economics: What Have We Learnt?

Xavier Sala-i-Martin

171: Inflation Targeting in Brazil, Chile, and Mexico: Performance, Credibility, and the Exchange Rate

Klaus Schmidt-Hebbel and Alejandro Werner