CHAPTER 12 Copper, the Real Exchange Rate and Macroeconomic Fluctuations in Chile

Jose De Gregorio

Author:

Mr. Jose De Gregorio

Mr. Jose De Gregorio https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:: English

Print Publication Date:: 19 Jan 2012

Keywords:: BOOK; country; commodity; government; natural resource; resource abundance; petroleum fund; resource rent; resource windfall; Natural resources; Commodity prices; Oil; Sub-Saharan Africa; Global; Africa; Middle East; Europe

Abstract

Chile is rich in natural resources. The mining sector has been very important historically, and today Chile is the largest producer of copper in the world. But while Chile reaps the benefits of abundant copper, the metal also represents many challenges for macroeconomic management and long-term growth.

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