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Credibilidad, Problema Peso y Comportamiento de las Tasas de Interés: Chile 1979-1982

  • Leonardo Hernández
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    This paper analyzed the behavior of domestic interest rates after opening the Capital Account in Chile. Contrary to what has been argued by others, the Uncovered Interest Rate Parity Condition seems to hold when we allow for the possibility of a change in

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

    Volume (Year): 28 (1991)
    Issue (Month): 85 ()
    Pages: 385-410

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    Handle: RePEc:ioe:cuadec:v:28:y:1991:i:85:p:385-410
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    1. Corbo, Vittorio & De Melo, Jaime, 1985. "Overview and summary," World Development, Elsevier, vol. 13(8), pages 863-866, August.
    2. Obstfeld, Maurice, 1985. "The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation," Review of Economic Studies, Wiley Blackwell, vol. 52(4), pages 605-25, October.
    3. Corbo, Vittorio & de Melo, Jaime & Tybout, James, 1986. "What Went Wrong with the Recent Reforms in the Southern Cone," Economic Development and Cultural Change, University of Chicago Press, vol. 34(3), pages 607-40, April.
    4. Backus, David & Driffill, John, 1985. "Inflation and Reputation," American Economic Review, American Economic Association, vol. 75(3), pages 530-38, June.
    5. Baxter, Marianne, 1985. "The role of expectations in stabilization policy," Journal of Monetary Economics, Elsevier, vol. 15(3), pages 343-362, May.
    6. Adrian Pagan, 1985. "Two Stage and Related Estimators and Their Applications," Cowles Foundation Discussion Papers 741, Cowles Foundation for Research in Economics, Yale University.
    7. Cohen, Daniel & Michel, Philippe, 1988. "How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?," Review of Economic Studies, Wiley Blackwell, vol. 55(2), pages 263-74, April.
    8. Backus, David & Driffill, John, 1985. "Rational Expectations and Policy Credibility Following a Change in Regime," Review of Economic Studies, Wiley Blackwell, vol. 52(2), pages 211-21, April.
    9. Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-47, February.
    10. Andersen, Torben M. & Risager, Ole, 1988. "Stabilization policies, credibility, and interest rate determination in a small open economy," European Economic Review, Elsevier, vol. 32(2-3), pages 669-679, March.
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