PUBLICATIONS IN REFEREED JOURNALS
“Pension inequality and collective pensions funds: the trade-offs of pension redistribution” (with Félix Ordoñez). Applied Economics, Forthcoming. (paper)
“Failed shock therapy during the Chilean military dictatorship (1974–1979)” (with Félix Ordoñez). CEPAL Review. Vol. 144, pp. 39-56, December (2024). (paper)
"Wars, cartels and COVID-19: regime switching in commodity prices" (with Félix Ordoñez). Applied Economics Letters, 31(4), 338–345. (2024). (paper).
"Addicted to Inflation or to Fiscal Deficits? The Chilean Experience of the 1970s". International Journal of Finance and Economics. vol.27, pp.99-110, January (2022) (paper).
“The Changing Nature of Real Exchange Rate Fluctuations. New Evidence for Inflation-Targeting Countries” (with Michael Pedersen). Economic Modelling. vol. 90, pp.302-321, August (2020) (paper).
“Wicksellian rules and the Taylor principle: some practical implications” (with Sofía Bauducco). Scandinavian Journal of Economics. vol.122 (1), pp. 340-368, January (2020) (paper).
“Real Exchange Rate Appreciation after the Financial Crisis of 2008-2009: Misalignment or Fundamental Correction?”. International Finance. vol 21 (3), pp. 253-272, Winter (2018) (paper).
“Now and Always, the Relevance of the Taylor rule in Europe” (with Agustín Díaz), International Journal of Finance and Economics, vol 23 (1), pp. 41-46, January (2018) (paper).
“Following the leader? The relevance of the Fed funds rate for inflation targeting countries” (with Luis Oscar Herrera), Journal of International Money Finance, vol.71 (1), pp. 25-52, March (2017) (paper).
“A fiscal vaccine against the Dutch disease”(with Rodrigo Valdés), Applied Economic Letters, vol.23 (1), pp. 68-73, January (2016) (paper).
“Persistent real misalignments and the role of the exchange rate regime” Economics Letters, vol.135, pp. 112-116, October (2015) (paper).
“Do Exchange Rate Regimes Matter for Inflation and Exchange Rate Dynamics? the Case of Central America” (with Igal Magendzo), Journal of Latinamerican Studies, 43, pp. 327-354, May (2011) (paper).
WORKING PAPERS
"Escape Clauses for Escaping Default" (2023). (with Félix Ordoñez). Under Review. (paper)
"Optimal Monetary Policy and Incomplete Information: Does the Real Exchange Matter?" (2021). Central Bank of Chile, Working Papers Nº916. (2021) . (with Felipe Leal). Under Review. (paper)
"Trend Inflation and Wicksellian Rules: A Remedy for Indeterminacy" (2018) (with Sofía Bauducco). (paper).
“The Business Cycle of a Commodity Exporter” (2017) (with Alfonso Irarrazabal). Draft
“U.S. Economic Policy Uncertainty is Presidential” (2018) (with Raymond Duch). R&R. Draft.
“Pivotal Decision Maker, Agenda Power and Collective Responsibility Attribution”. (2020) (with Raymond Duch). Submitted.
BOOKS
Rodrigo Caputo and Roberto Chang (2015), Commodity Prices and Macroeconomic Policy (book).
CHAPTERS IN BOOKS
“The Monetary and Fiscal History of Chile: 1960-2010” (with D. Saravia), in Kehoe and Nicolini (2021), The Monetary and Fiscal History of Latin America. University of Minnesota Press (e-book / book).
“Real Exchange Rate Dynamics and Fiscal Policy from a Cross-Country Perspective ” (with Miguel Fuentes), in Céspedes and Galí (2013), Fiscal Policy and Macroeconomic Performance (paper).
“The Financial Accelerator under Learning and the Role of Monetary Policy” (with Juan Pablo Medina and Claudio Soto), in Céspedes, Chang and Saravia (2011), Monetary Policy under Financial Turbulence (paper).
“New Keynesian Models for Chile in the Inflation Targeting Period: A Structural Approach” (with Felipe Liendo and Juan Pablo Medina), in Mishkin and Schmidt-Hebbel (2006), Monetary Policy under Inflation Targeting (paper).
“Monetary Policy and the Exchange Rate: the Chilean Experience” in Driver, Thoenissen and Sinclair (2005), Exchange Rate and Capital Flows and Policy, Routledge (paper).
POLICY PAPERS IN REFEREED JOURNALS
“Price Level Targeting and Inflation Targeting: a Review” (with Sofía Bauducco) Journal Economía Chilena, vol. 14(1), pp. 55-67, April (2011) (paper).
“External Shocks and Monetary Policy. Does it Pay to respond to Exchange Rate deviations? ” Economic Analysis Review, vol.24(1), pp.55-99, June (2009) (paper).
“Equilibrium Real Exchange Rate in Chile: Alternative Approaches” (with Marco Nuñez and Rodrigo Valdés) Journal Economía Chilena, vol. 11(2), pp.59-77, August (2008).
“Exchange Rate Analysis in Practice” (with Marco Nuñez and Rodrigo Valdés) Journal Economía Chilena, vol. 11(1), pp. 1-91, April (2008).
“New Keynesian Models for Chile During the Inflation Targeting Regime: A Structural Approach” (with Felipe Liendo and Juan Pablo Medina) Journal Economía Chilena, vol. 9(3), pp. 73-95, December (2006).
“Estimación de Ecuaciones Trimestrales de Variación de Existencias” (with William Baeza) Journal Economía Chilena, vol. 8(3), pp. 85-91, December (2005).
“Revisión Metodológica en el Cálculo del IPE e Implicancias sobre los Modelos de Serie de Tiempo para el TCR” (with Bernardo Dominichetti) Journal Economía Chilena, vol. 8(1), pp.77-82, April (2005).