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Análisis del Tipo de Cambio Real: Chile 1986-1999

Author

Listed:
  • Rodrigo Cerda

    (Instituto de Economía)

  • Álvaro Donoso
  • Aldo Lema

Abstract

This paper incorporates demand and supply fundamentals in the determination of the Real Exchange Rate (RER). We are able to confirm the negative influence of the ratio expenditure-PIB and the terms of trade on RER, but in addition we find robust evidence

Suggested Citation

  • Rodrigo Cerda & Álvaro Donoso & Aldo Lema, 2005. "Análisis del Tipo de Cambio Real: Chile 1986-1999," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(126), pages 329-356.
    • Handle: RePEc:ioe:cuadec:v:42:y:2005:i:126:p:329-356
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    File URL: http://www.economia.uc.cl/docs/126cerdb.pdf
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    References listed on IDEAS

    as
    1. T. W.Swan, 1960. "Economic Control In A Dependent Economy," The Economic Record, The Economic Society of Australia, vol. 36(73), pages 51-66, March.
    2. Larry A Sjaastad, 1996. "Recent Evolution of the Chilean Real Exchange Rate," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 33(98), pages 109-132.
    3. Larry A Sjaastad, 1998. "Comment on "Tipo de Cambio Real y Gasto Público: Un Modelo Econométrico para Chile"," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(104), pages 139-150.
    4. Carlos Alfredo Rodríguez, 1982. "Gasto Público, Déficit y Tipo Real de Cambio: Un Análisis de sus Interrelaciones de Largo Plazo," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 19(57), pages 203-216.
    5. Granger, Clive W. J., 1996. "Introducing Non-Linearity Into Cointegration," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 16(2), November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Cruz-Rodríguez, Alexis, 2015. "Tipo de cambio real en la República Dominicana: Enfoques alternativos de equilibrio y desalineamiento [Real exchange rate in the Dominican Republic: Alternative approaches to equilibrium and misali," MPRA Paper 70943, University Library of Munich, Germany.
    2. Gloria Alonso Masmela & Juan Nic�las Hern�ndez & Jos� David Pulido & Martha Luc�a Villa, 2008. "Medidas Alternativas De Tasa De Cambio Real Para Colombia," Borradores de Economia 4679, Banco de la Republica.
    3. Jorge Desormeaux & Pablo García & Claudio Soto, 2010. "Terms of trade, commodity prices and inflation dynamics in Chile," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy and the measurement of inflation: prices, wages and expectations, volume 49, pages 115-128, Bank for International Settlements.

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    Keywords

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    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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