Response to external and inflation schocks in a small open economy

dc.contributor.author	Corbo, Vittorio
dc.contributor.author	Tessada Pinto, José Antonio
dc.date.accessioned	2019-11-01T00:02:48Z
dc.date.available	2019-11-01T00:02:48Z
dc.date.issued	2005
dc.description	Monetary policy design has experienced major changes over the last twenty years. These changes had their origin in changes in macroeconomic theory, a better understanding of the importance of achieving and maintaining low inflation, and the abandonment of fixed pegs in favor of floating exchange rate regimes. The new macroeconomic models emphasize the role of microeconomic foundations and expectations and highlight the need to develop and strengthen institutions. One of the key consequences of this process is the recognition that stabilization policies cannot achieve permanent gains in output or employment.
dc.file.name	BCCh-sbc-v09-p029_056
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 29-56
dc.identifier.isbn	956-7421-21-8
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3693
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking, Analysis, and Economic Policies, no. 9
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	INFLACIÓN	es_ES
dc.subject	POLÍTICA MONETARIA	es_ES
dc.subject	MACROECONOMÍA	es_ES
dc.subject	TIPO DE CAMBIO	es_ES
dc.title	Response to external and inflation schocks in a small open economy
dc.type.doc	Artículo

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