Browsing by Author "Cacdac Warnock, Veronica"

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    KFstar and portfolio inflows: a focus on Latin America
    (Banco Central de Chile, 2023-08-09) Burger, John D.; Warnock, Francis E.; Cacdac Warnock, Veronica
    Policymakers faced with volatile capital flows may desire a method to identify the level of flows likely to persist in the medium run. In a series of papers (Burger, Warnock, and Warnock, henceforth BWW, 2018, 2022), we have developed an estimate of the natural or equilibrium level of capital flows (KFstar or KF*) that provides guidance on the likely amount of portfolio inflows countries can expect over a one- to two-year period.