8,941 research outputs found
El ahorro en Chile: ¿Qué salió bien?
(Disponible en idioma inglĂ©s Ășnicamente) Algunos analistas consideran a China como la Ășnica economĂa latinoamericana que se puede describir como bien encaminada o en desarrollo. En cierto sentido, el perdurable Ă©xito de Chile y su comprobado aislamiento del efecto tequila se deben a su elevado nivel de ahorro interno. ÂżA quĂ© se debe que el nivel de ahorro en Chile sea tan elevado? ÂżQuĂ© polĂticas claves se han aplicado? ÂżTienen algo que ver las reformas estructurales y la apertura de finales de los años 70 y los 80? Se procura desenredar empĂricamente algunos de los rompecabezas con datos histĂłricos que cubran el perĂodo de 1960 a 1995.
A note on the 2D generalized Zakharov-Kuznetsov equation: local, global, and scattering results
We consider the generalized two-dimensional Zakharov-Kuznetsov equation
, where is an integer
number. For we prove local well-posedness in the -based Sobolev
spaces , where is greater than the critical scaling
index . For we also establish a sharp criteria to obtain
global solutions. A nonlinear scattering result in is
also established assuming the initial data is small and belongs to a suitable
Lebesgue space
Exchange Rate Policy in Chile: From the Band to Floating and Beyond
As many countries worldwide, Chile has experienced virtually all the menu of options of exchange rate policies in the last 40 years â with the sole exception of giving up its national currency. The quest for a reasonable exchange rate policy has been inspired in part by the different goals that, through this four decades, policy makers have attempted to achieve with this policy. After almost of decade of co-existence of inflation targeting and an exchange rate band, in 1999 the Central Bank of Chile gave up the exchange rate band and replaced it with a policy of floating. This paper confronts two main questions: (a) Why was the band abandoned and, by the same token, why it took so long to do it and (b) How has the floating regime worked so far? This last question involves accounting for the possible appearance of âfear of floatingâ by the macroeconomic authorities, as well as evaluating the regime in three issues highlighted by the critics of exchange rate floating: passthrough to domestic prices, exchange rate volatility and balance sheet effects. In the final section, the paper illustrates the operation of the exchange rate system in the face of regional contagion effects.
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