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This paper develops a structural general equilibrium model to analyse the reactions of the nominal exchange rate and the domestic price level to three types of external shock in emerging economies that have limited access to world capital markets. Although the results depend crucially on the type...


García-Solanes, JoséTorrejón-Flores, FernandoExchange-rate variations and the rate of inflation in emerging economies

Monetary regimes and labour institutions: an alternative interpretation of the downward trend in exchange-rate pass-through in peripheral countries / Martín Cherkasky and Martín Abeles . -- Models of the developmental state / Luiz Carlos Bresser-Pereira .-- The development of venture capital in L...


This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while tec...


Ffrench-Davis, RicardoDíaz Pérez, ÁlvaroProductive investment in Chile’s economic development: trend and challenges

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