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

dc.contributor.author	Fuentes D., Miguel
dc.contributor.author	Saravia, Diego
dc.coverage.spatial	CHILE	es_ES
dc.date.accessioned	2019-11-01T00:06:28Z
dc.date.available	2019-11-01T00:06:28Z
dc.date.issued	2014
dc.description	During 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.name	BCCh-sbc-v18-p137_163
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 137-163
dc.identifier.isbn	978-956-7421-43-5
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3796
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 18
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	CRISIS ECONÓMICA 2008	es_ES
dc.subject	RECESIONES	es_ES
dc.title	Tales of two recessions in Chile: financial frictions in 1999 and 2009
dc.type.doc	Artículo

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