Now showing items 1-2 of 2

    • Another pass-through bites the dust? oil prices and inflation 

      Landerretche Moreno, Óscar; De Gregorio, José; Neilson, Christopher (Universidad de Chile, Facultad de Economía y Negocios, 2007)
      This paper presents evidence of an important decline during recent decades in the pass-through from the price of oil to the general price level. We find that this decline is a generalized fact for a large set of countries. ...
    • Missing aggregate dynamics: on the slow convergence of lumpy adjustment models 

      Berger, David; Caballero, Ricardo; Engel Goetz, Eduardo (Universidad de Chile, Facultad de Economía y Negocios, 2015-11)
      When microeconomic adjustment is lumpy, the VAR-estimated persistence of the corresponding aggregated variable is downward biased. The extent of this bias decreases with the level of aggregation, yet convergence is very ...