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Exchange rates, monetary policy and wages: A case study of Chile

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  • Vincent, David P.

Abstract

This paper analyses, using a comparative-static general equilibrium model built along neoclassical lines, a range of devaluation, monetary and wage policy mixes for the Chilean economy. By quantifying the short-run implications of each policy mix for key economic variables at the macroeconomic and sectoral level it enables judgements to be made about their effectiveness in reaching specified targets and their feasibility.

Suggested Citation

  • Vincent, David P., 1983. "Exchange rates, monetary policy and wages: A case study of Chile," Kiel Working Papers 164, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:164
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    References listed on IDEAS

    as
    1. Behrman, Jere R, 1972. "Sectoral Elasticities of Substitution between Capital and Labor in a Developing Economy: Time Series Analysis in the Case of Postwar Chile," Econometrica, Econometric Society, vol. 40(2), pages 311-326, March.
    2. Dick, Hermann & Gerken, Egbert & Mayer, Thomas & Vincent, David P., 1982. "Stabilisation strategies in primary commodity exporting countries: A case study of Chile," Kiel Working Papers 144, Kiel Institute for the World Economy (IfW Kiel).
    3. Johnson, Harry G., 1977. "The monetary approach to the balance of payments : A nontechnical guide," Journal of International Economics, Elsevier, vol. 7(3), pages 251-268, August.
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    Cited by:

    1. Gerken, Egbert, 1983. "Diversification and stabilization in a resource-exporting country," Kiel Working Papers 178, Kiel Institute for the World Economy (IfW Kiel).
    2. Vincent, David P., 1983. "A multicountry, multisector general equilibrium model system with endogenous trade," Kiel Working Papers 174, Kiel Institute for the World Economy (IfW Kiel).

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