Inflation in Developing Countries: An Econometric Study of Chilean Inflation

19 observations aggregate demand assume average capacity utilization capital stock Central Bank Chile Chilean economy Chilean inflation CL(t coefficient commodity sector constant consumption cost of holding cost of living CU(t current escudos DDP(t demand for money distributed lag dummy variable economic employment Endogenous Year Qt equation instruments Error statistics estimated excess demand expected exports fiscal account gross domestic product Harberger holding money imported raw materials income increase industrial prices industrial sector inflationary instrumental variables investment in plant KC(t LC(t millions of 1965 monetary money supply obtain ODEPLAN ordinary least squares output period Pl(t plant and equipment price equation price of imported production function QC(t Qt Simulated Actual rate of change rate of inflation real gross RMS error sector producing commodities Simulated Actual Error structuralist structure TABLE taxes tion UIMC(t ULC(t unemployment rate unit labor cost wholesale price index XC(t