| dc.creator | García, Carlos J. | |
| dc.creator | Simoncelli, Virginia | |
| dc.date | 2015-04-03T20:02:15Z | |
| dc.date | 2015-04-03T20:02:15Z | |
| dc.date | 2009 | |
| dc.date.accessioned | 2018-04-19T21:15:58Z | |
| dc.date.available | 2018-04-19T21:15:58Z | |
| dc.identifier | Documentos de Investigación 230: 2009, p. 1-38 | |
| dc.identifier | http://repositorio.uahurtado.cl/handle/11242/6705 | |
| dc.identifier.uri | http://repositorioslatinoamericanos.uchile.cl/handle/2250/1373747 | |
| dc.description | This work develops an empirical study of the credit channel in Chile. We
found that the interest rate has a positive effect in the long run credit supply.
Nevertheless, the disequilibrium in the short run credit supply has a significant
negative effect on economic activity. This is most marked when the central
bank is carried out a contractive monetary policy. Thus, all this evidence
supports the fact that the central bank should implement a monetary policy
beyond the control of the interest rate i.e. non conventional monetary policies
to affect directly the liquidity restriction on the banking system to avoid a
collapse of the economy in crisis times. | |
| dc.language | spa | |
| dc.publisher | Universidad Alberto Hurtado. Facultad de Economía y Negocios | |
| dc.subject | Credit Channel | |
| dc.subject | Cointegration | |
| dc.subject | Vector Error Correction Model (VECM) | |
| dc.title | Más allá del manejo de la tasa de intereses para enfrentar la actual crisis: El canal de crédito y las asimetrías de la política monetaria en Chile | |
| dc.type | Artículos de revistas | |
