Explaining inflation and output volatility in Chile : an empirical analysis of forty years

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dc.contributor.author Tena Horrillo, Juan de Dios
dc.contributor.author Salazar, César
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Estadística
dc.date.accessioned 2007-03-23T16:46:19Z
dc.date.available 2007-03-23T16:46:19Z
dc.date.issued 2007-03
dc.identifier.uri http://hdl.handle.net/10016/667
dc.description.abstract We present a data oriented analysis of the effect of different kind of economic shocks on Chilean output growth and inflation over the last 40 years. Two important results are: (1) foreign shocks only explain 17% of the variability of the output growth in the period 1984-2006 whereas it used to account for the 47,2% of output variability in 1966-1983; (2) The participation of foreign shocks to explain the Chilean inflation reaction becomes more importan in the last twienty years because of the price liberalization and Chile's openness to international trade. Results highlight specific features of the Chilean economy not present in other countries.
dc.format.extent 213660 bytes
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Statistics and Econometrics
dc.relation.ispartofseries 07-05
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Trade openness
dc.subject.other Volatility of inflation and output growth
dc.subject.other Structural VAR models
dc.title Explaining inflation and output volatility in Chile : an empirical analysis of forty years
dc.type workingPaper
dc.subject.eciencia Estadística
dc.rights.accessRights openAccess
dc.identifier.repec ws071505
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