A toolkit for analyzing alternative policies in the chilean economy

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dc.contributor.authorChumacero, Rómulo
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:02:44Z
dc.date.available2019-11-01T00:02:44Z
dc.date.issued2005
dc.descriptionAs noted by Leeper (1995) “the business pages of leading newspapers give the impression that the effects of alternative monetary policies on the macroeconomy are well understood and predictable.” They tend “to write with great certainty that when the monetary authority raises interest rates it slows economic growth, and with it inflation, bidding down stocks and bonds. With equal certainty, press accounts report that the monetary policy responds to economic conditions.” Statements like “the recent strength of the economy will prompt the monetary authority to raise interest rates as a preemptive strike against inflation” are not uncommon. With the economy responding to policy and policy responding to the economy, it is hard to tell what causes what. Chile is no exception: similar statements are frequently found in local newspapers.
dc.file.nameBCCh-sbc-v09-p261_302
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 261-302
dc.identifier.isbn956-7421-21-8
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3699
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 9
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectMACROECONOMÍAes_ES
dc.subjectTASAS DE INTERÉSes_ES
dc.subjectDESARROLLO ECONÓMICOes_ES
dc.titleA toolkit for analyzing alternative policies in the chilean economy
dc.type.docArtículo

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