Front Matter Page
Western Hemisphere Department
Authorized for distribution by Eliot Kalter
Contents
I. Introduction
II. The Data and Few Stylized Facts
A. Sources and Definitions
B. Summary Statistics for the Raw Data
III. The Econometric Model
IV. Results
A. Is Chile’s Interest Rate Pass-Through Atypical?
B. Is Chile’s Interest Rate Pass-Through Asymmetric?
C. Is Chile’s Interest Rate Pass-Through Stable Over Time?
V. Conclusions
Tables
1. Interest Rate Descriptions and Abbreviations
2. Sample Mean of Interest Rates, April 1993 - June 2002
3. Sample Standard Deviation of Interest Rates, April 1993 - June 2002
4. Sample Persistence of Interest Rates, April 1993 - June
5. Sample Correlation of Interest Rates, April 1993 - June
6. Retail Interest Rate Pass-Through, All Countries, April 1993 – June 2002
7. Chile: Retail Interest Rate Pass-Through Asymmetry
8. Retail Interest Rate Pass-Through, Chile Various Sample Periods
Figures
1. Short-Term Deposit Rates and Money Market Rates, 1993 - 2002.
2. Medium-Term Deposit Rates and Money Market Rates, 1993 - 2002.
3. Long-Term Deposit Rates and Money Market Rates, 1993 - 2002.
4. Short-Term Lending Rates and Money Market Rates, 1993 - 2002.
5. Medium-Term Lending Rates and Money Market Rates, 1993 - 2002.
6. Long-Term Lending Rates and Money Market Rates, 1993 - 2002.
7. Weighted Average Lending Rates and Money Market Rates, 1993 - 2002.
8. Chile: Timing of the Monetary Policy Cycle, 1993 - 2002.
9. Chile: One-Step Show Test, 1993 - 2002
References