dc.creatorGarcía, Carlos J.
dc.creatorSimoncelli, Virginia
dc.date2015-04-03T20:02:15Z
dc.date2015-04-03T20:02:15Z
dc.date2009
dc.date.accessioned2018-04-19T21:15:58Z
dc.date.available2018-04-19T21:15:58Z
dc.identifierDocumentos de Investigación 230: 2009, p. 1-38
dc.identifierhttp://repositorio.uahurtado.cl/handle/11242/6705
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/1373747
dc.descriptionThis 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.languagespa
dc.publisherUniversidad Alberto Hurtado. Facultad de Economía y Negocios
dc.subjectCredit Channel
dc.subjectCointegration
dc.subjectVector Error Correction Model (VECM)
dc.titleMás 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.typeArtículos de revistas


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