Recent Submissions

  • Políticas Tributarias y Ahorro de las Empresas 

    Budnevich, Carlos; Jara, Alejandro (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    The purpose of the paper is to analyze firms decisions about using profits as a financing source. In particular, we are interested in the consequence of changes of tax incentives on that behavior, Following a revision of ...
  • Gas Pipeline Transportation: Competing within Ex-Ante Increasing Returns to Scale and Sunk Costs 

    Raineri, Ricardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    In the present decade the Chilean economy has witnessed a vigorous development in the natural gas industry, with cruel battles among competing corporations that look for the success of their gas pipeline projects. This ...
  • Capital Flows and Long-Term Equilibrium Real Exchange Rates in Chile 

    Elbadawi, Ibrahim; Soto, Raimundo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    This paper examines. in the context of an empirical model. the impact of capital flows. among other fundamentals, on long-term real exchange rates in Chile. The real exchange rate and its fundamentals, which can be ...
  • Copper, Futures, and Codelco: An Econometric Perspective 

    Hussey, Robert; Quiroz, Jorge (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    Large financial losses associated with transactions in futures markets has become a common story in the news media. This paper studies the economic dynamics associated with the optimal use of these markets, using the case ...
  • Velocity and Money Demand in an Economy with Cash and Credit Goods 

    Johnson, Christian (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    The traditional cash in advance macroeconomic models are characterized by a constant velocity of money, Based on the Lucas and Stokey (1987) model, this paper studies the behavior of velocity and money demand for the U.S., ...
  • Estimates of Capital Flight and Its Behaviour 

    Claessens, Stijn (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1997)
    This paper presents estimates of capital flight using eight alternative methodologies, with a focus on Latinoamerica. While these methodologies differ in approach, I show that the identities used in balance-of-payments ...

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