¿FUNCIONA TAN BIEN EL BANCO CENTRAL DE CHILE?

The Central Bank of Chile is the entity in charge of deciding monetary policy in the country, mainly through the management of the Monetary Policy Rate (TPM in spanish). It was founded in 1925 but it has suffered a lot of modification over time, the most important that of 1989, which gave the autonomy of the Bank with respect to the government in power. Nowadays in Chile there is a constitutional process, one of the most important aspect is the Central Bank. This document describes a series of failures over time in the Central Bank with proposals associated with those failures. This document is like that of Rowland (2022), however, examples related to the case of Argentina are incorporated. [ABSTRACT FROM AUTHOR]