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dc.contributor.authorSalas Landeau, Sergio A.es_CL
dc.date.accessioned2014-07-31T21:25:14Z
dc.date.available2014-07-31T21:25:14Z
dc.date.issued2002es_CL
dc.identifier.citationRevista de Análisis Económico 17(2): 2002, p. 95-121es_CL
dc.identifier.issn0716-5927es_CL
dc.identifier.othereISSN 0718-8870es_CL
dc.identifier.otheres_CL
dc.identifier.urihttp://repositorio.uahurtado.cl/handle/11242/1767
dc.description.abstractThis paper studies the existence of "excess" current-account imbalances in Chile in the 1960-1999 period. This phenomenon is modelled using present value tests that allow for variable interest rates and exchange rate fluctuations. Despite its simplicity, most of the observed imbalances in the current account are accounted for by the model. Results suggest that using models where agents behave as forward-looking rational agents, is a valid framework. Moreover, the analysis highlights the rel-evance of variable interest rates and exchange rates. Results also imply that capital controls, that were widely used in the period under study, were not effective.en_US
dc.language.isoengen_US
dc.publisherILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocioses_CL
dc.rightsAttribution 3.0 Unported
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/
dc.subject.lcshCuentas corrientes -- Chilees_CL
dc.subject.lcshTasas de interés -- Chile -- 1960-1999es_CL
dc.subject.lcshTipo de cambio -- Chile -- 1960-1999es_CL
dc.titleThe Intertemporal Approach to the Current Account: Evidence for Chilees_CL
dc.typeArtículoes_CL


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Attribution 3.0 Unported
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