Assessing the Effects of Foreign Financial Shocks on the Chilean Economy

Francisco Cabezon

doi:10.4067/S0718-88702012000200004

Autores/as

Francisco Cabezon Superintendency of Banks and Financial Institutions - Chile

DOI:

https://doi.org/10.4067/S0718-88702012000200004

Palabras clave:

Shocks financieros externos, volatilidad, mercados accionarios externos, variables domésticas, economía chilena

Resumen

Este artículo tiene por objetivo evaluar los efectos de shocks financieros externos sobre la economía chilena, para lo cual se estima un modelo que incluye series externas y domésticas, para variables reales y financieras en frecuencia trimestral. Entre los principales resultados, se encuentra que el PIB chileno es afectado negativa y significativamente por shocks en la volatilidad de los mercados accionarios externos, mientras que la moneda chilena se deprecia y la tasa de interés doméstica desciende debido a este tipo de innovaciones.

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Citas

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