This paper simulates a model of joint determination of private investment spending, aggregate investment profitability and the level of GDP for Chile. It addresses the following issues: (a) sharp cycles in economic activity - the boom of 1980-81, the steep recession of 1982-83, and the recovery afterward which increased the volatility of aggregate demand and discouraged investment; (b) sharp swings in the real exchange rate and real interest rates...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1989/12/31
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Рабочий документ в рамках исследования вопросов политики
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WPS212
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1
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1
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2010/07/01
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How private investment reacts to changing macroeconomic conditions : the case of Chile in the 1980s
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real exchange rate
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Официальная версия документа (может содержать подписи, и т.д.)