Inflation in Developing Countries: An Econometric Study of Chilean Inflation |
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19 observations adjustment assume average capacity utilization capital stock Central Bank chapter Chile Chilean economy coefficient commodity sector constant consumption copper cost of holding cost of living CU(t CUP(t current escudos DDP(t demand for money distributed lag dummy variable durables elasticity employment equation instruments estimated expected expenditure in gross exports fiscal account government deficit gross domestic product holding money implicit price deflator imported raw materials income increase industrial prices industrial sector inflation instrumental variables investment in plant KC(t LC(t ment millions of 1965 monetary money supply obtain ODEPLAN opportunity cost ordinary least squares output period plant and equipment price equation price index price of imported production function QC(t rate of change rate of growth rate of inflation relative prices RMS error sector producing commodities service sector specification structure TABLE tion UIMC(t unemployment rate unit labor cost values wholesale price index XC(t