We explore the hypothesis that fluctuations in commodity prices are an important driver of
business cycles in small emerging market economies (EMEs). First, we document that …

We construct the first news-based economic uncertainty index for Chile, which allowed us to
rebuild 23 years of the history of economic uncertainty in the country and quantify its impact …

Abstract Given Pacific Alliance (PA) countries' dependence on the external sector amidst
volatile global financial conditions and increased trade openness, it is important to …

Using data for the Chilean mining sector, we provide SVAR evidence in order to answer the
research question regarding what are the distributional consequences that commodity price …

La economía colombiana se ha visto impactada por la fuerte caída en la cotización
internacional del petróleo, la cual se caracterizó por ser sorpresiva, acelerada y de …

Commodity prices have declined sharply over the past three years, and output growth has
slowed considerably among countries that are net exporters of commodities. A critical …

Corporate sectors in emerging markets have noticeably increased their reliance on foreign
financing, presumably reflecting low global interest rates. The evidence also shows a …

We document that (i) although private investment growth in emerging markets has
decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis …

This paper studies the role of input–output (IO) linkages in the propagation of commodity
price shocks. We present empirical evidence documenting a positive correlation between …

The present paper analyzes how shocks to the copper price affect the economy of Chile, the
world's largest producer of this metal. Chile is an interesting case study, it being an …