Working Papers Central Bank of Chile

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170: Evaluation of the P900 Program: A Targeted Education Program for Underperforming Schools

Andrea Tokman

169: Industrial Policies and Growth: Lessons from International Experience

Marcus Noland and Howard Pack

168: Quantity and Quality of Economic Growth

Robert Barro

167: Monetary Union: European Lessons, Latin American Prospects

Eduard Hochreiter, Klaus Schmidt-Hebbel and Georg Winckler

166: Monetary Policy Implementation and Results in Twenty Inflation-Targeting Countries

Klaus Schmidt-Hebbel and Matias Tapia

165: Estimating Gaps and Trends for the Chilean Economy

Gabriela Contreras M and Pablo García S

164: It's Not Factor Accumulation: Stylized Facts and Growth Models

William Easterly and Ross Levine

163: Macroeconomic Management in Emerging Economies and the International Financial Architecture

Jose De Gregorio

162: Two-Part Tariff Competition With Switching Costs and Sales Agents

Solange Berstein

161: Saving and Life Insurance Holdings at Boston University – A Unique Case Study

B. Douglas Bernheim and Solange Berstein

160: The Federal Design of a Central Bank in a Monetary Union: The Case of the European System of Central Banks

Sylvester Eijffinger

159: Testing Real Business Cycles Models in an Emerging Economy

Raphael Bergoeing and Raimundo Soto

158: Funciones Agregadas de Inversión para la Economía Chilena

Héctor Felipe Bravo and Jorge Enrique Restrepo

157: Finance and Growth: New Evidence and Policy Analyses for Chile

Ross Levine and María Carkovic

156: The Effects of Business Cycles on Growth

Antonio Fatas

155: Trends, Cycles and Convergence

Andrew Harvey

154: Coping with Chile’s External Vulnerability: A Financial Problem

Ricardo Caballero

153: Real Exchange Rates in the Long and Short Run: A Panel Co-Integration Approach

Cesar Calderon

152: Exchange Rate Policy in Chile: From the Band to Floating and Beyond

Felipe Morandé and Matias Tapia

151: Chile’s Trade Policy: an Assessment

Maurice Schiff

150: Competencia y Resultados Educativos: Teoría y Evidencia para Chile

Francisco Gallego

149: Una Revisión de la Transmisión Monetaria y el Pass-Through en Chile

Héctor Felipe Bravo and Carlos José García T.

148: Innovation and Growth in Resource Rich Countries

William Maloney

147: Is Private Education Better? Evidence from Chile

Andrea Tokman

146: The Golden Period for Growth in Chile: Explanations and Forecasts

Francisco Gallego and Norman Loayza

145: Financial Development, Financial Fragility, and Growth

Norman Loayza and Romain Ranciere

144: Concentration of Population in Capital Cities: Determinants and Economic Effects

Rodrigo Cifuentes S

143: Outgrowing Resource Dependence: Theory and Evidence

Will Martin

142: Natural Resources And Economic Growth: The Role Of Investment

Thorvaldur Gylfason and Gylfi Zoega

141: Open Questions about the Link Between Natural Resources and Economic Growth: Sachs and Warner Revisited

Daniel Lederman and William Maloney

140: Prebisch-Singer Redux

John Cuddington, Rodney Ludema and Shamila A Jayasuriya

139: The Relative Richness of the Poor? Natural Resources, Human Capital and Economic Growth

Claudio Bravo-Ortega and Jose De Gregorio

138: Depreciación del Capital Natural, Ingreso y Crecimiento Sostenible: Lecciones de la Experiencia Chilena

Eugenio Figueroa and Enrique Calfucura

136: Value at Risk: Teoría y Aplicaciones

Christian Johnson

135: Agency Problems in the Solutions of Banking Crises

Gonzalo I. Sanhueza

134: On the determinants of the Chilean Economic Growth

Romulo Chumacero and Rodrigo Fuentes

133: Cálculo del Stock de Capital para Chile 1985-2000

Ximena Aguilar and María Paz Collinao

132: Políticas de Estabilización en Chile Durante los Noventa

Carlos José García

131: Ten Years of Inflation Targeting: Design, Performance, Challenges

Norman Loayza and Raimundo Soto

130: Trends and Cycles in Real-Time

Romulo Chumacero and Francisco Gallego

129: Alternative Monetary Rules in the Open-Economy: a Welfare-Based Approach

Eric Parrado and Andrés Velasco

128: Price Inflation and Exchange Rate Pass-Through in Chile

Carlos García and Jorge Enrique Restrepo

127: A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks

Michael Kumhof

126: Overshootings and Reversals: The Role of Monetary Policy

Ilan Goldfajn and Poonam Gupta

125: New Frontiers for Monetary Policy in Chile

Pablo S. García, Luis Oscar Herrera and Rodrigo Valdés

124: Monetary Policy Under Flexible Exchange Rates: an Introduction to Inflation Targeting

Pierre-Richard Agénor

123: Targeting Inflation in an Economy with Staggered Price Setting

Jordi Galí

122: Market Discipline and Exuberant Foreign Borrowing

Eduardo Fernandez-Arias and Davide Lombardo

121: Japanese Banking Problems: Implications For Southeast Asia

Joe Peek and Eric Rosengren

120: The 1997-98 Liquidity Crisis: Asia Versus Latin America

Roberto Chang and Andrés Velasco