Tales of two recessions in Chile: financial frictions in 1999 and 2009

dc.contributor.authorFuentes D., Miguel
dc.contributor.authorSaravia, Diego
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:06:28Z
dc.date.available2019-11-01T00:06:28Z
dc.date.issued2014
dc.descriptionDuring 2007-2009 the world underwent a deep economic crisis that has been termed the Great Recession where total output is estimated to have decreased 0.6%. This event has had two salient characteristics: it was a financial shock that originated in advanced economies and in the end most of the economies of the world experienced negative rates of economic growth. The nature of the recession has renewed the interest of economists in studying the effects of financial shocks on aggregate economic activity. Understanding the precise mechanisms through which financial shocks spread to the rest of the economy has been at the center of the research agenda.
dc.file.nameBCCh-sbc-v18-p137_163
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 137-163
dc.identifier.isbn978-956-7421-43-5
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3796
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 18
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectCRISIS ECONÓMICA 2008es_ES
dc.subjectRECESIONESes_ES
dc.titleTales of two recessions in Chile: financial frictions in 1999 and 2009
dc.type.docArtículo

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