Gallego Yáñez, FranciscoSchmidt-Hebbel, KlausServén, Luis2019-11-012019-11-012005956-7421-21-8https://hdl.handle.net/20.500.12580/3695This paper explores Chile’s macroeconomic dynamics with the help of a general equilibrium model parameterized for the Chilean economy. The model is based on microanalytic foundations, and its basic relations are derived from intertemporal optimization by a group of forward-looking agents endowed with rational expectations. The economy’s short-term equilibrium thus depends on the current and anticipated future paths of policy and external variables. The model also introduces critical real-world features—such as short-run wage rigidities and a group of myopic agents—that generate deviations from the frictionless full-employment equilibrium of the unconstrained neoclassical paradigm..pdfSección o Parte de un Documentop. 113-162engAttribution-NonCommercial-NoDerivs 3.0 ChileEQUILIBRIO (ECONOMÍA)MACROECONOMÍAArtículo