Using a variance decomposition of shocks to gross domestic product (GDP), we quantify the
role of international factor income, international transfers, and saving in achieving risk‐…

We use transaction-level customs data to document that a large majority of Chilean imports
are invoiced in dollars regardless of country of origin and sector. We study the implications of …

This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate
fluctuations in an emerging market using confidential data on the universe of Chilean …

We show that firms rely on price changes observed along their supply chain to form expectations
about aggregate inflation, and that these expectations have a complete pass-through to …

Using administrative tax records for all formal Chilean firms and employees, we compute
and characterize several labor flow measures. Our results show that labor mobility in Chile is …

Acknowledging that pass-through of the policy interest rate may be different amongst the
private banks, this paper presents evidence of monetary pass-through conditional on different …

Standard growth accounting overlooks the role of exhaustible resources. This omission leads
to overstating physical capital shares and to misleading total factor productivity (TFP). We …

We revisit a central question for international macroeconomics: The response of export prices
and quantities to movements in the exchange rate (ER). We use a comprehensive dataset …

In the first article of this dissertation I estimate the effect of supply shocks to bank-lending on
Argentinean region's real activity. Supply shocks to bank-lending are identified through a …

This paper estimates the effect of regional banking shocks (supply shocks to bank-lending)
on Argentinean region’s activity. Banking and demand shocks are jointly identified through a …