Productivity growth and disinflation in Chile
by Jose De Gregorio
"This paper analyzes the role productivity growth had on disinflation in Chile during the 1990s. It argues that productivity growth was key in avoiding the output costs of stabilization in a highly indexed economy. Disinflation from the early 1990s through 1998 was costless. Among the many external and domestic factors that contributed to good macroeconomic performance, which combined simultaneously very high rates of growth and declining inflation, productivity stands high. The simulations presented in this paper illustrate this point"--National Bureau of Economic Research web site.
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Industrial productivity, Deflation (Finance)Places
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Productivity growth and disinflation in Chile
2004, National Bureau of Economic Research
Electronic resource
in English
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Includes bibliographical references.
Title from PDF file as viewed on 1/18/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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