Zero Energy Day: How Nationwide Blackouts Affect the Economy

Gonzales: The views expressed are those of the author and do not necessarily represent the views of the Central Bank of Chile or its board members. This study was developed within the scope of the research agenda conducted by the Central Bank of Chile (CBC) in economic and financial affairs of its competence. The CBC has access to anonymized information from various public and private entities, by virtue of collaboration agreements signed with these institutions. The information contained in the databases of the Chilean IRS is of a tax nature originating in self-declarations of taxpayers presented to the Service; therefore, the veracity of the data is not the responsibility of the Service, Agustinas 1180. Santiago de Chile. (e-mail: lgonzalesc@bcentral.cl). Ito: Harris School of Public Policy, University of Chicago, 1307 East 60th St., Chicago, IL 60637 (e-mail: ito@uchicago.edu). Reguant: Institut d’Anàlisi Econòmica, UAB Campus, 08193 Bellaterra (e-mail: mar.reguant@iae.csic.es). We would like to thank Paula Araya, Linnea Holy, Yura Mizutani, and Yixin Zhou for excellent research assistance, and Severin Borenstein, Lucas Davis, Ryan Kellogg, Sofia Bauducco, Markus Kichner, Mauricio Calani, Josue Perez, Juan Guerra, Jorge Fernandez, Mario Giarda, Diego Vivanco and seminar participants at Central Bank of Chile-SIIP, UC Berkeley Energy Camp, Coase Conference at the University of Chicago for their helpful comments. We would like to thank financial support from the Becker Friedman Institute. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.