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Vol. 15, No. 2 (2000)

Vol. 15, No. 2 (2000)

 

Recent Submissions

  • Chumacero, Rómulo A. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    This paper presents three exercises in order to evaluate the discrepancies between the unemployment rate estimated by the Department of Economics of the University of Chile and the National Bureau of Statistics (INE). It ...
  • Zurita, Salvador (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    Margrabe (1978) studied the problem of the valuation of the option of exchanging one risky asset for another. One interesting feature of the valuation formula that he obtained was that the value of the option was independent ...
  • Marshall, Pablo; Walker, Eduardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    This paper studies empirical regularities of daily log returns for the years 1989 through 1996, using aggregate indexes and quintiles rated by size, for a specific emerging market: the case of Chile. Within the context of ...
  • Schenone, Osvaldo H. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    Two difficulties arise when different jurisdictions have value added taxes at different rates. First, "magnification effect" which consists of an automatic enlargement of the rate differential over and above the one ...
  • Kawamura, Enrique (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    I present two cases of sequential trade models of market microstructure with heterogeneous information partitions. First, the trader with information can infer the true value only under certain realizations. The main result ...
  • Valdés-Prieto, Salvador (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 2000)
    Most of the policy assertions in the paper by Srinivas and Yermo (1999), published in Revista de Análisis Económico, are not backed by the empirical evidence. Their conclusions that "pension funds (in Chile) did not choose ...