Felipe Morandé

Organisation de Coopération et de Développement Economiques

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William A. Robson

O2 Czech Republic (Czechia)

Gabriela Ramos

Polytechnic Institute of Porto

Excellency Mr

Association Clinique et Thérapeutique Infantile du Val de Marne

Ludger Schuknecht

Asian Development Bank Institute

Hendrik Hoppenstedt

Association Clinique et Thérapeutique Infantile du Val de Marne

ÁG

Ángel Gurría

Centro de Investigación y Docencia Económicas

Jean-Joël Schittecatte

O2 Czech Republic (Czechia)

Victor Tonelli

Organisation de Coopération et de Développement Economiques

Peter Pellegrini

Victor (Japan)

Sharon Armstrong

Beatson West of Scotland Cancer Centre

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O2 Czech Republic (Czechia)

Summit (United Kingdom)

Organisation de Coopération et de Développement Economiques

Association Clinique et Thérapeutique Infantile du Val de Marne

Victor (Japan)

Pontificia Universidad Católica de Chile

Banco Central de Chile

Inter-American Development Bank

University of Chile

National Bureau of Economic Research

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Una Década de Metas de Inflación en Chile: desarrollos, lecciones y desafíos

Economía chilena (2001)

Felipe Morandé

Chile fue uno de los primeros paises del mundo en adoptar un regimen monetario basado en una de anual explicita y publica, incluso cuando el termino meta de inflacion ni siquiera se habia formalizado en la literatura economica. Una historia de alta hacia recomendable la combinacion de estrictos parametros de metas inflacionarias (para fortalecer la reputacion del Banco Central de Chile), junto con una transicion gradual desde una moderada-alta hacia una de largo plazo igual a 3% anual. El hecho de alcanzar la de largo plazo en 1999, con una reputacion de aversion a la inflacion, ha permitido al Banco Central moverse mas hacia el objetivo de flexibilidad en el trade-off entre credibilidad y flexibilidad. Ademas, la mantencion de un tercer objetivo ?en la forma de un umbral asimetrico de deficit de cuenta corriente? implico en algunos episodios puntuales desenfatizar el objetivo implicito de estabilizacion del producto en el corto plazo. No obstante el exito en reducir la durante la decada pasada, el esquema vigente de metas de enfrenta desafios en el afan de mantener permanentemente una baja y estable.

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Volatizidad de los tipos de cambio y contratos traslapados

Latin american journal of economics (1986)

Felipe Morandé

Under staggered wage setting, nominal exchange rate volatility results from monetary policies too accommodative to labor shocks. Volatility in the real rate of exchange, however, is exacerbated by government attempts to stabilize nominal prices. Consequ

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Análisis empírico del ahorro en Chile

Felipe Morandé Rodrigo Vergara Montes

El presente volumen presenta un conjunto variado de articulos ineditos y recientes que abordan el ahorro en Chile desde opticas tanto conceptuales como principalmente empiricas, aprovechando nuevos y mas completos datos, asi como enfoques frescos y relevantes sobre varios angulos del tema. Los estudios presentados en este volumen son un paso mas en el conocimiento del ahorro en Chile. Una virtud de ellos es que desmenuzan el tema del ahorro desde una variada gama de perspectivas distintas: a nivel agregado, por sectores, a nivel de hogares, a partir de encuestas, etc. Esto permite una mirada mas amplia del tema que sera de gran utilidad para un analisis mas fino de politicas publicas al respecto.

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Política económica en Chile: antecedentes, resultados y perspectivas

Boletín económico de ICE, Información Comercial Española (1993)

Felipe Morandé

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OECD Centre for Skills

Secretary-General's report to Ministers (2019)

Gabriela Ramos Peter Pellegrini Victor Tonelli Mr Robert William A. Robson

Since 2007, the Secretary-General completed almost 600 trips abroad (593).In 2018, 34 of his 45 visits abroad (76%) were to OECD member countries.Five were to key partner countries and six were to accession and other non-member countries:l Thirty-four trips to 22 of the 36 OECD member countries: Austria (3 visits), Belgium (1), Canada (3), Chile (1), Czech Republic (1), Germany (1), Greece (1), Ireland (1), Italy (1), Japan (1), Korea (1), Latvia (1), Lithuania (1), Mexico (4), the Netherlands (1), Poland (1), Portugal (1), Slovakia (1), Spain (3), Switzerland (2), the United Kingdom (1) and the United States (3).l Five visits to key partner countries: Brazil (1), Indonesia (1) and the People's Republic of China (3).The Chief of Staff and the Deputy Secretaries-General also visited key partner countries on a number of occasions to support the Secretary-General's activities.

10.1787/d3c4780a-en

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Council and Executive Committee Secretariat

Secretary-General's report to Ministers (2019)

Gabriela Ramos Peter Pellegrini Victor Tonelli Mr Robert William A. Robson

Executive committee

10.1787/3ff3c22b-en

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Política monetaria y metas de inflación en Chile

Revista Estudios Económicos (2001)

Felipe Morandé Klaus Schmidt‐Hebbel

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Labor Market Distortions, Employment and Growth: The Recent Chilean Experience

RePEc: Research Papers in Economics (2003)

Raphael Bergoeing Felipe Morandé Facundo Piguillem

The per capita growth rate of Chile from 1984 to 1997 was among the highest in the world. During recent years, however, per capita growth dropped significantly. This paper discusses the role of factor accumulation and the efficiency with which factors are used, measured as total factor productivity (TFP), to explain the evolution of output in Chile during the past 20 years. In contrast with the experience of the 1980s and early 1990s, in recent years the primary determinant of the drop in output growth has not been a decline in TFP, but a severe fall in employment. Using a calibrated dynamic general equilibrium model based on the neoclassical growth model, with fluctuations in factor inputs induced by changes in TFP and relative input prices, we conclude that a 6.17% increase in the cost of labor hiring replicates the observed fall in employment. This fall, in turn, could be attributed to a perceived higher cost of labor services associated to both the significant increase in the minimum wage observed between 1998 and 2000, and a labor code reform, intensively debated during the 1999- 2002 period.

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Chile's Peso: Better than (Just) Living with the Dollar?

Felipe Morandé Klaus Schmidt‐Hebbel

The choice between maintaining or giving up the national currency is determined by putting on balance the benefits of macroeconomic flexibility derived from a floating exchange rate and an independent monetary policy, and the microeconomic benefits derived from joining a currency union or adopting unilaterally a foreign currency. This paper assesses this choice for Chile. The country?s financial development and macroeconomic stability imply low microeconomic and efficiency costs in sticking to the peso. An evaluation of optimal currency-area criteria shows that Chile is not a natural candidate for joining a monetary union with prospective partners in Latin America, NAFTA, or the European Union. Unilateral dollarization is even less beneficial. Among Southern Hemisphere countries with various exchange rate regimes, Chile would gain the least from giving up its national currency. For a country like Chile, subject to large idiosyncratic shocks and significant temporary price and wage rigidity, a flexible exchange rate and an independent monetary policy anchored to an inflation target comprise the dominant regime choice.

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La dinamica de los precios de los activos reales y el tipo de cambio real. Las reformas al comercio exterior y las entradas de capital extranjero. Chile 1976-1989

Felipe Morandé

Introduccion. Como es bien sabido, la economia chilena sufrio diversas reformas estructurales profundas en la segunda mitad de la decada de los setenta que abarcaron desde el regimen comercial hasta el sistema de seguridad social, e incluyeron cambios a una estricta ley de trabajo, una liberacion inicial de los precios internos(la mayoria de los cuales habian sido establecidos por un organismo estatal), una liberalizacion del sistema financiero, una reforma tributaria, la privatizacion de la empresas propiedad del Estado y otras de menor importancia. Ademas de todo esto, las reformas fueron presentadas a la opinion publica como un paquete global para transformar la economia de chile en otra de sector privado, de mercado libre, en la cual los derechos de propiedad habrian de respetarse plenamente...

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