Dialnet (Universidad de la Rioja) · 2009 · 12 citations · 3 references
AgricultureEconomicsCommodity MarketsFiscal PolicyMacroeconomicsCommodity Price DynamicsCommodity Price FormationInflation PolicyInternational Commodity TradeMonetary PolicyPrice Level DynamicsDeflation DynamicsEquilibrium Inflation DynamicsInflation DynamicsInflation MeasurementTerms Of Trade EffectsTerms Of Trade Shocks
Commodity prices, terms of trade and real wages play significant roles in shaping the inflationary dynamics and persistence of prices in small open economies. The Chilean economy is a case in point. A small and very open economy, with a structure of production starkly different from the structure of demand, the Chilean economy is subject to the effects
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