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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Autores principales: Céspedes, Luis Felipe, Goldfajn, Ilan, Lowe, Phil, Valdés, Rodrigo
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3709
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spelling 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
spellingShingle 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
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