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Full-Text Articles in Macroeconomics
Money And Real Fluctuations In The Chilean Economy, Andres Acuña, Carlos Oyarzun
Money And Real Fluctuations In The Chilean Economy, Andres Acuña, Carlos Oyarzun
Andrés A. Acuña
In this paper, we assess the ability of a cash-in-advance model to replicate the behavior of the macroeconomic variables of the Chilean economy for quarterly data spanning between Q1:1986 and Q3:2005. The monetary models that we study are able to replicate the phase shift and correlation with GDP of many macroeconomic variables such as consumption, price level, and productivity. However, there are some other variables in which the model fails; namely, money and work hours. Introducing ”erratic” monetary growth rates improves the ability of the model to replicate the behaviour of consumption. A sensitivity analysis shows that the main determinant …
Economic Growth, Saving And Investment, Safdar Khan
Economic Growth, Saving And Investment, Safdar Khan
Safdar Khan
Extract:
Despite an evident slowdown in major economies around the global amidst a sustained rise in international oil prices, the domestic economy surpassed its growth target by a wide margin for the third consecutive year, witnessing a growth rate of 8.4 percent in FY05, the highest during the last two decades (see Figure 2.1 & 2.2).