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[null,"1.","Record Nr.",null,"UNINA9910155013203321"]
[null,null,"Autore",null,"Comelli Fabio"]
[null,null,"Titolo",null,"To Bet or Not to Bet : : Copper Price Uncertainty and Investment in Chile / / Fabio Comelli, Esther Perez Ruiz"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2016"]
[null,null,"ISBN",null,"9781475553758"]
[{"$nulls":4},"1475553757"]
[{"$nulls":4},"9781475553895"]
[{"$nulls":4},"1475553897"]
[null,null,"Descrizione fisica",null,"1 online resource (23 pages) : illustrations (some color), tables"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Disciplina",null,"338.23"]
[null,null,"Soggetti",null,"Copper - Prices - Chile"]
[{"$nulls":4},"Investments: Metals"]
[{"$nulls":4},"Foreign Exchange"]
[{"$nulls":4},"Investments: Options"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Intertemporal Firm Choice and Growth, Investment, or Financing"]
[{"$nulls":4},"Investment"]
[{"$nulls":4},"Capital"]
[{"$nulls":4},"Intangible Capital"]
[{"$nulls":4},"Capacity"]
[{"$nulls":4},"'Panel Data Models"]
[{"$nulls":4},"Spatio-temporal Models'"]
[{"$nulls":4},"Metals and Metal Products"]
[{"$nulls":4},"Cement"]
[{"$nulls":4},"Glass"]
[{"$nulls":4},"Ceramics"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Pension Funds"]
[{"$nulls":4},"Non-bank Financial Institutions"]
[{"$nulls":4},"Financial Instruments"]
[{"$nulls":4},"Institutional Investors"]
[{"$nulls":4},"Currency"]
[{"$nulls":4},"Foreign exchange"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Investment & securities"]
[{"$nulls":4},"Metal prices"]
[{"$nulls":4},"Asset prices"]
[{"$nulls":4},"Exchange rates"]
[{"$nulls":4},"Options"]
[{"$nulls":4},"Copper"]
[{"$nulls":4},"Prices"]
[{"$nulls":4},"Financial institutions"]
[{"$nulls":4},"Commodities"]
[{"$nulls":4},"Metals"]
[{"$nulls":4},"Derivative securities"]
[{"$nulls":4},"Panel Data Models"]
[{"$nulls":4},"Spatio-temporal Models"]
[{"$nulls":4},"Chile"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,null,"Sommario/riassunto","A strand of research documents Chile’s copper dependence hence significant exposure to terms of trade shocks. Copper prices’ sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile’s adjustment capacity to external shocks. Following Malz (2014), this paper builds a time-varying measure of copper price uncertainty using options contracts. VAR analysis shows that the investment response to an uncertainty shock of average magnitude in the sample is strong and persistent: the cumulative fall in investment from trend at a one-year horizon ranges 2–5.8 percentage points; and it takes between 1½ and 2 years for investment to return to its trend level. Empirical ranges depend on alternative definitions for investment, uncertainty, and options’ maturing time."]