01823cas a2200253 a 4500 AALejournalIMF004931 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869231 1018-5941 BD-DhAAL BD-DhAAL Soderling, Ludvig. Business Cycle Accounting For Chile / Ludvig Soderling, Ina Simonovska. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We investigate sources of economic fluctuations in Chile during 1998-2007 within the framework of a standard neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment, and government/trade wedges for business cycles in Chile. The purpose of this exercise is twofold: (i) focus the policy discussion on the most important wedges in the economy; and (ii) identify which broad class of models would present fruitful avenues for further research. We find that different wedges have played different roles during our studied period, but that the efficiency and labor wedges have had the greatest impact. We also compare our results with existing studies on Argentina, Brazil, and Mexico. Mode of access: Internet Simonovska, Ina. IMF Working Papers; Working Paper ; No. 2008/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/061/001.2008.issue-061-en.xml IMF e-Library