Policy responses to external shocks: the experiences of Australia, Brazil, and Chile
Open economies, particularly emerging markets and commodityintensive economies, deal with large external shocks. These are typically of a financial nature in the case of the former and real—in that they affect the terms of trade—in the case of the latter. Alternative policy reactions and policy setu...
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Banco Central de Chile
2019
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oai-20.500.12580-37092021-04-24T10:31:16Z Policy responses to external shocks: the experiences of Australia, Brazil, and Chile Céspedes, Luis Felipe Goldfajn, Ilan Lowe, Phil Valdés, Rodrigo MACROECONOMÍA Open economies, particularly emerging markets and commodityintensive economies, deal with large external shocks. These are typically of a financial nature in the case of the former and real—in that they affect the terms of trade—in the case of the latter. Alternative policy reactions and policy setups may dampen or amplify the consequences of these shocks, affecting the magnitude of the shock. It is therefore very important to analyze and evaluate alternative policy setups and policy reactions from different angles in order to draw lessons for the macroeconomic management of open economies. 2019-11-01T00:03:06Z 2019-11-01T00:03:06Z 2006 Artículo 956-7421-23-4 https://hdl.handle.net/20.500.12580/3709 eng Series on Central Banking, Analysis, and Economic Policies, no. 10 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 109-170 application/pdf AUSTRALIA BRASIL CHILE Banco Central de Chile |
institution |
Banco Central |
collection |
Banco Central |
language |
eng |
topic |
MACROECONOMÍA |
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MACROECONOMÍA Céspedes, Luis Felipe Goldfajn, Ilan Lowe, Phil Valdés, Rodrigo Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
description |
Open economies, particularly emerging markets and commodityintensive economies, deal with large external shocks. These are typically of a financial nature in the case of the former and real—in that they affect the terms of trade—in the case of the latter. Alternative policy reactions and policy setups may dampen or amplify the consequences of these shocks, affecting the magnitude of the shock. It is therefore very important to analyze and evaluate alternative policy setups and policy reactions from different angles in order to draw lessons for the macroeconomic management of open economies. |
format |
Artículo |
author |
Céspedes, Luis Felipe Goldfajn, Ilan Lowe, Phil Valdés, Rodrigo |
author_facet |
Céspedes, Luis Felipe Goldfajn, Ilan Lowe, Phil Valdés, Rodrigo |
author_sort |
Céspedes, Luis Felipe |
title |
Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
title_short |
Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
title_full |
Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
title_fullStr |
Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
title_full_unstemmed |
Policy responses to external shocks: the experiences of Australia, Brazil, and Chile |
title_sort |
policy responses to external shocks: the experiences of australia, brazil, and chile |
publisher |
Banco Central de Chile |
publishDate |
2019 |
url |
https://hdl.handle.net/20.500.12580/3709 |
work_keys_str_mv |
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_version_ |
1718346487645077504 |