Leonardo Salazar

Leonardo Salazar
University of Concepción · Department of Economics

PhD

About

6
Publications
1,121
Reads
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23
Citations
Additional affiliations
March 2018 - present
University of Concepción
Position
  • Professor (Assistant)
March 2017 - February 2018
University of Bío-Bío
Position
  • Docente
August 2016 - April 2017
Universidad Católica del Maule
Position
  • Docente

Publications

Publications (6)
Article
When markets are integrated and the law of one price holds, prices confronted by different producers should tend to uniformity, in the long run, allowance is made for differences in quality and transportation costs. However, how producers coordinate to align prices is not obvious and probably the answer will vary between markets. In this article, w...
Article
Full-text available
In this paper, the empirical analysis finds that the dynamics of inflation and unemployment can be described by a Phillips curve when allowing for a positive co-movement between trend-adjusted productivity and unemployment. This suggests that improvements in productivity have been achieved by laying off the least productive part of the labor force....
Conference Paper
Full-text available
We use a factor-augmented vector autoregressive (FAVAR) model to analyze the effect of a contractionary monetary shock on macroeconomic aggregates and labor market indicators for different demographic groups in Chile classified by industry, age, and income quintile. We find that for most groups the job-separation rate and idiosyncratic earnings vol...
Article
Full-text available
The long and persistent swings in the real exchange rate have for a long time puzzled economists. Recent models built on imperfect knowledge economics seem to provide a theoretical explanation for this persistence. Empirical results, based on a cointegrated vector autoregressive (CVAR) model, provide evidence of error-increasing behavior in prices...
Article
Full-text available
Antecedentes: Estudiamos cómo el nivel de empleo agregado se ajustó en la economía chilena, posterior a la llamada crisis asiática. Contrastamos distintas hipótesis que se han esgrimido en el debate público, y que no han sido probadas formalmente, sobre las razones por las cuales el nivel de empleo tardó tanto tiempo en recuperar los niveles precri...

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