Chile : Selected Issues

1CHLEA2007002 Image
Price:  $15.00

Release Date: © September, 2007
ISBN : 978-1-45180-766-0
Stock #: 1CHLEA2007002
English
Stock Status: On back-order

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Description

This Selected Issues paper analyzes the properties of the fiscal surplus rule, a key pillar of Chile’s macroeconomic framework. The findings suggest that the rule is near the volatility-minimizing efficiency frontier. The paper assesses the vulnerability of the Chilean banking system to external and domestic shocks, and examines recent trade performance. The study finds that both exports and imports have been driven predominantly by demand factors. There is also some evidence that trade liberalization has contributed to the recent trade expansion, but exchange rate effects are only found to have a marginal impact.

Taxonomy

Business cycles , Economic development , Economic policy , Fiscal policy , International trade




More publications in this series: IMF Staff Country Reports