International prices, wages, and inflation in the open economy : a Chilean model (English)

This paper presents a macroeconomic model to explain the dynamics of Chilean inflation during 1976-82. The model extends the Australian and Scandinavian open economy models by making a finer distinction between tradables and nontradables and by introducing more elaborate expectations formation. Results of the model supplied to quarterly Chilean data over the period reject the homogeneity of the system indicating that a devaluation does indeed affect...

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Author

Corbo,Vittorio;
Document Date
1983/12/01
Document Type
Departmental Working Paper
Report Number
DRD69
Volume No
1
Total Volume(s)
1
Country
Chile,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
International prices, wages, and inflation in the open economy : a Chilean model
Keywords
law of one price

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Citation

Corbo,Vittorio.

International prices, wages, and inflation in the open economy : a Chilean model (English). Development Research Department discussion paper ; no. DRD 69 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/864441468011736688

International prices, wages, and inflation in the open economy : a Chilean model (English)

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