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En este trabajo se explora la existencia, robustez y magnitud del eventual aporte que puedan tener diversas medidas de actividad en la tarea de predecir inflación en Chile, sobre la base de algunas versiones retrospectivas (backward-looking) de curvas de Phillips estimadas tanto con datos revisad...


Pincheira Brown, PabloRubio Hurtado, HernánEl escaso poder predictivo de simples curvas de Phillips en Chile

In recent decades, Latin American countries have adopted more flexible exchange-rate regimes and set inflation targets. Several authors argue that some countries’ monetary and exchange-rate policies suffer from a procyclical bias, whereby central banks are reluctant to reduce interest rates when ...


Libman, EmilianoAsymmetric monetary and exchange-rate policies in Latin American countries that use inflation targeting

We examine the problem of combining Mexican inflation predictions or projections provided by a biweekly survey of professional forecasters. Consumer price inflation in Mexico is measured twice a month. We consider several combining methods and advocate the use of dimension reduction techniques wh...


Poncela, PilarGuerrero, VíctorIslas C., AlejandroRodríguez, JulioSánchez-Mangas, RocíoMexico: Combining monthly inflation predictions from surveys

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