Chilean paper calls on policy-makers to consider source of shocks
Study analyses copper production, prices and activity between 1996 and 2012
A rise in the copper price caused by increased demand implies higher inflation rates after a couple of quarters and a "more restrictive monetary policy", finds a working paper published this week by the Central Bank of Chile.
In The impact of commodity price shocks in a major producing economy. The case of copper and Chile, Michael Pedersen analyses global copper production, international copper prices and world activity between 1996 and 2012, studying how copper price shocks affect
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