<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2016000300647</article-id>
<article-id pub-id-type="doi">10.20430/ete.v83i331.214</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos de sorpresas económicas en la estructura de tasas de interés. Evidencia para Brasil, Chile y México]]></article-title>
<article-title xml:lang="en"><![CDATA[Impact of Economic Surprises in the Term Structure of Interest Rates. Evidence for Brazil, Chile y Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ceballos Sanhueza]]></surname>
<given-names><![CDATA[Luis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Banco Central de Chile  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2016</year>
</pub-date>
<volume>83</volume>
<numero>331</numero>
<fpage>647</fpage>
<lpage>675</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2016000300647&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2016000300647&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2016000300647&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En este artículo se reporta el impacto de sorpresas económicas y anuncios de política monetaria no convencional en los factores de la estructura de tasas nominales en Brasil, Chile y México. Se evidencia que sorpresas locales de inflación y de política monetaria tienen mayor efecto en la forma de la estructura de tasas, además, se registran efectos asimétricos de dichas sorpresas en la estructura de tasas de las economías analizadas. Por otro lado, sorpresas externas tienen un impacto asimétrico, mientras que el efecto de anuncios de política no convencionales, tanto el Quantitative Easing como el Twist Operation son los anuncios que presentan mayor impacto en la estructura de tasas de interés.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper reports the impact of economic surprises and unconventional monetary policy announcements on the nominal structure factors in Brazil, Chile and Mexico. We find that domestic inflation and monetary policy surprises have strong effect in the shape of the yield curve, and also we evidence an asymmetric impact of these surprises in the yield curves of the countries considered. On the other hand, external surprises also have an asymmetric impact, while unconventional monetary policy announcements, such as the Quantitative Esing and the Twist Operation, are those which have strong impact in the term structure.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[sorpresas económicas]]></kwd>
<kwd lng="es"><![CDATA[política monetaria no convencional]]></kwd>
<kwd lng="es"><![CDATA[estructura de tasas]]></kwd>
<kwd lng="en"><![CDATA[economic surprises]]></kwd>
<kwd lng="en"><![CDATA[unconventional monetary policy]]></kwd>
<kwd lng="en"><![CDATA[rates structure]]></kwd>
</kwd-group>
</article-meta>
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