Productivity growth and disinflation in Chile
By: Jose de Gregorio.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10360; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10360.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Industrial productivity -- Chile.; Deflation (Finance) -- Chile.
Description: "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.
Notes: Includes bibliographical references.
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