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  • Fiscal Rules for Commodity Exporters: Prudence and Procyclicality 

    García, Carlos J.; Restrepo, Jorge; Tanner, Evan (Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2009)
    This paper compares welfare levels under alternative fiscal rules for small open, commodity exporter, economies whose fiscal income varies with the world commodity price (in a dynamic, stochastic, and general equilibrium ...
  • Hybrid Inflation Targeting Regimes 

    García, Carlos J.; Restrepo, Jorge; Roger, Scott (Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2009)
    This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank’s policy reaction function can improve macroeconomic performance. It is found that including an element of exchange ...

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