 | Investment in Emerging Markets We Are Not in Kansas Anymore...Or Are We? Author/Editor: Nicolas E Magud, Sebastian Sosa. Release Date:April, 2015 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 trends; and (ii) more...
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 | Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory...not Paradise Author/Editor: Nicolas E. Magud, Esteban Vesperoni. Release Date:April, 2014 We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate more...
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 | Capital Inflows, Exchange Rate Flexibility, and Credit Booms Author/Editor: Nicolas E. Magud, Carmen Reinhart, Esteban Vesperoni. Release Date:February, 2012 The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least more...
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 | The Chilean Output Gap Author/Editor: Leandro Medina, Nicolas E. Magud. Release Date:January, 2011 This paper estimates the potential output (and the output gap) in Chile using several different methodologies. After a structural brake in 1998, the average growth rate of potential output in Chile more...
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