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Vol. 14, No. 2 (1999)

Vol. 14, No. 2 (1999)

 

Recent Submissions

  • Fernández M., Viviana (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1999)
    Option pricing dates back to the turn of the century with Bachelier's doctoral dissertation on speculation theory. In 1964 Bonness developed a formula for option pricing similar in nature to that of Black-Scholes's but ...
  • Mitnik, Oscar Alberto (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1999)
    Investment in education is an essential element for the economic growth of a country. Theory supports this argument with models that stress the individual and social benefits of education. Although the empirical literature ...
  • Zuñiga, Sergio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1999)
    In this article we estimate a two-factor model for the risk-free term structure yield in Chile. These factors are the short rate and the central tendency that are not directly estimable. Both factors follow an Ito stochastic ...
  • Camarero, Mariam; Esteve, Vicente; Tamarit, Cecilio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1999)
    In this paper we enquire about the link among Spanish real effective exchange rate relative to the EU, The terms of trade and the real interest rate differential over the period 1980-1994. This period is of interest to the ...
  • Morón, Eduardo; Zegarra , Luis F. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1999)
    A central element of an inflation targeting approach to monetary policy is a proper measure of inflation. The international evidence suggests the use of core inflation measures. In this paper we claim that core inflation ...