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Serie Banca Central Volumen 22: Commodity Prices and Macroeconomic Policy

Serie Banca Central Volumen 22: Commodity Prices and Macroeconomic Policy

World commodity prices and their macroeconomic impact, especially on emerging economies, have long been a main concern of economic research. The importance of the topic has become even more apparent in recent years, as the world economy has seen wide swings in the world prices of primary items such as oil, food, and metals. Echoing past debates, commodity prices are again posing difficult questions to academics and policymakers. The questions are both positive and normative; they pertain to both the short run and the long run; and they are urgent, particularly for emerging economies that are heavily exposed to commodity price fluctuations. To contribute to the debate, this volume gathers six studies written for the XVIII Annual Research Conference of the Central Bank of Chile. The unifying theme of the conference was to examine appropriate macroeconomic policies in light of the increased volatility of world commodity prices. The studies in this volume explore various dimensions and aspects to that theme, as well as diverse policy alternatives, instruments, and strategies.

Idioma: Inglés

Editado por: Rodrigo Caputo y Roberto Chang

Edición: Enero 2016

$15.000

Disponible gratuitamente en formato digital en Repositorio Digital y Sitio Web Institucional.

Obra perteneciente a la Colección de Pinturas del Banco Central de Chile: "Angelmo" de Arturo Pacheco Altamirano (Óleo sobre cartón, 59 x 46 cm.)