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Predictability v/s Accuracy: An empirical evaluation of the Chilean Exchange Rate with the Chilean Survey of Professional Forecasters
We evaluate the predictability and efficiency of the Survey of Professional Forecasters (SPF) of the Chilean exchange rate relative to the US dollar (CLP). We evaluate the forecast performance through four approaches: (1) ... -
Multiple Equilibria in the Entry Game of a Two-Sided Monopolistic Platform
This paper explores the entry problema in platform markets with incomplete information using the global games approach. It models competition as a two-stage extensive-form game, where firms first decide on entry and then ... -
Macroeconomic Impact of Energy Transition
We examine the macroeconomic effects of the energy transition, focusing on the impact of oil prices on GDP, productivity and inflation. We find that energy dependence on fossil fuels increases vulnerability to oil price ...
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