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Publicado en: Artículo en revista académica

Desalineamientos Monetarios, Desalineamientos Cambiarios e Inflación: Chile 1986-2003

Rodrigo Cerda; Aldo Lema.

El Trimestre Económico, 72(3): 545-579, 2005.

This document is centered in analyzing the mechanisms of transmission of the monetary and real exchange rate imbalances on the inflation rate. It initially focuses on determining the balances on these markets, and therefore, it studies the money demand and the long run trajectory of the real exchange rate. These two subjects are used like foundations to analyze the effects of the exchange and monetary imbalances on inflation. The empirical analysis relies upon aggregated data and data by baskets of different consumption goods.


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