Browsing by Subject "Inflation"
Now showing items 1-2 of 2
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(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. ...
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(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 ...