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Una Explicación para la Tasa de Interés Real en Chile en el Período 1975-1983

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  • Francisco Rosende

    ()
    (Instituto de Economía)

  • Roberto Toso

Abstract

The purpose of this paper is to provide an explanation for the very high level of the real interest rate in Chile in the period 1975-1983, in spite of a massive capital inflow in that economy. Like in the fisherian world, the real interest rate is viewed

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File URL: http://www.economia.puc.cl/docs/062rosea.pdf
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Bibliographic Info

Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

Volume (Year): 21 (1984)
Issue (Month): 62 ()
Pages: 25-36

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Handle: RePEc:ioe:cuadec:v:21:y:1984:i:62:p:25-36

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  1. Christopher A. Sims, 1980. "Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered," NBER Working Papers 0430, National Bureau of Economic Research, Inc.
  2. Jeffrey D. Sachs, 1981. "The Current Account in the Eacroeconomic Adjustment Process," NBER Working Papers 0796, National Bureau of Economic Research, Inc.
  3. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 83(2), pages 241-54, April.
  4. Jeffrey Sachs & Daniel Cohen, 1982. "LDC Borrowing with Default Risk," NBER Working Papers 0925, National Bureau of Economic Research, Inc.
  5. Maurice Obstfeld, 1981. "Transitory terms-of-trade shocks and the current account: the case of constant time preference," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 194, Board of Governors of the Federal Reserve System (U.S.).
  6. Grossman, Sanford J & Weiss, Laurence, 1982. "Heterogeneous Information and the Theory of the Business Cycle," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 90(4), pages 699-727, August.
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