IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Incertidumbre Global sobre el Pacífico Sur

  • Carrière-Swallow, Yan


    (Banco Central de Chile)

  • Medel, Carlos


    (Banco Central de Chile)

Literatura reciente ha establecido que aumentos repentinos en el nivel de incertidumbre global generan caídas de la actividad alrededor del mundo. Trabajos teóricos predicen que no todos los sectores de las economías deberían verse afectados de la misma manera. En este trabajo se estima el impacto de shocks de incertidumbre globales (i.e. un fuerte incremento en la volatilidad del mercado accionario estadounidense) sobre sectores de la economía chilena y peruana. Mediante vectores autorregresivos se encuentra que la caída del PIB alcanza 1,7 y 1,0% respecto al crecimiento de su tendencia, para Chile y Perú respectivamente, ambas cercanas a los 3 trimestres siguientes de ocurrido el shock. A nivel sectorial, en Chile la caída más pronunciada se observa en el sector construcción (cerca de -4,0 %), mientras que por el lado de la demanda es el consumo durable (alrededor de -7,0 %) y maquinarias y equipos (-10,0 %). Para el caso peruano, se destacan la caída de la inversión (-4,5 %) por el lado de la demanda, y del sector manufacturero (-4,0 %) por el lado de la oferta.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Banco Central de Reserva del Perú in its series Working Papers with number 2011-016.

in new window

Date of creation: Nov 2011
Date of revision:
Handle: RePEc:rbp:wpaper:2011-016
Contact details of provider: Postal: Jr. Miro Quesada 441, Lima
Phone: 427-6250 ext. 3841
Fax: 426-6125
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Nick Bloom & John Van Reenen & Stephen Bond, 2006. "Uncertainty and Investment Dynamics," NBER Working Papers 12383, National Bureau of Economic Research, Inc.
  2. Nicholas Bloom & Max Floetotto & Nir Jaimovich & Itay Saporta-Eksten & Stephen J. Terry, 2014. "Really Uncertain Business Cycles," Working Papers 14-18, Center for Economic Studies, U.S. Census Bureau.
  3. Avinash Dixit, 1992. "Investment and Hysteresis," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 107-132, Winter.
  4. repec:bla:restud:v:74:y:2007:i:2:p:391-415 is not listed on IDEAS
  5. Carrière-Swallow, Yan & Medel, Carlos, 2011. "Incertidumbre Global sobre el Pacífico Sur," Working Papers 2011-016, Banco Central de Reserva del Perú.
  6. Nicholas Bloom, 2009. "The Impact of Uncertainty Shocks," Econometrica, Econometric Society, vol. 77(3), pages 623-685, 05.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rbp:wpaper:2011-016. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Research Unit)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.