Working Papers Central Bank of Chile

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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

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