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Chile

Chile »

Source: Chile : Technical Assistance Report-Assessment of Tax Expenditures and Corrective Taxes

Volume/Issue: 2020/305

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2020

ISBN: 9781513561684

Keywords: Income, Personal income, Corporate income tax, Personal income tax, Value-added tax, ISCR, CR, excise tax, capital gain, taxable income

In response to a request from Mr. Ignacio Briones Rojas, Minister of Finance of Chile, a remote mission was conducted by a joint team of staff from the International Monetary Fund (IMF) and the secretariat of the O...

Chile
			: Technical Assistance Report-Assessment of Tax Expenditures and Corrective Taxes

Chile : Technical Assistance Report-Assessment of Tax Expenditures and Corrective Taxes »

Volume/Issue: 2020/305

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2020

DOI: http://dx.doi.org/10.5089/9781513561684.002

ISBN: 9781513561684

Keywords: Income, Personal income, Corporate income tax, Personal income tax, Value-added tax, ISCR, CR, excise tax, capital gain, taxable income

In response to a request from Mr. Ignacio Briones Rojas, Minister of Finance of Chile, a remote mission was conducted by a joint team of staff from the International Monetary Fund (IMF) and the secretariat of the O...

Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile1

Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile1 »

Source: Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile

Volume/Issue: 2020/100

Series: IMF Working Papers

Author(s): Elías Albagli , Mauricio Calani , Metodij Hadzi-Vaskov , Mario Marcel , and Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2020

ISBN: 9781513547718

Keywords: Financial crises, Central banks, Flexible exchange rate policy, Financial regulation and supervision, External sector, exchange rate regime, FX derivatives, hedging, exchange rate pass-through, policy credibility

Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institu...

Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile

Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile »

Volume/Issue: 2020/100

Series: IMF Working Papers

Author(s): Elías Albagli , Mauricio Calani , Metodij Hadzi-Vaskov , Mario Marcel , and Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2020

DOI: http://dx.doi.org/10.5089/9781513547718.001

ISBN: 9781513547718

Keywords: Financial crises, Central banks, Flexible exchange rate policy, Financial regulation and supervision, External sector, exchange rate regime, FX derivatives, hedging, exchange rate pass-through, policy credibility

Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institu...

Chile : Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position

Chile : Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position »

Source: Chile : Request for an Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Staff Supplement

Volume/Issue: 192020/183

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545998

Keywords: International reserves, Financial crises, Economic policy, Financial systems, External debt, ISCR, CR, FCL, percent of GDP, percent

This paper explores Chile's Request for an Arrangement Under the Flexible Credit Line (FCL). Chile qualifies for the FCL by virtue of its very strong fundamentals, institutional policy frameworks, track record of e...

Chile : Request for an Arrangement Under the Flexible Credit Line—Press Release; Staff Report; and Staff Supplement

Chile : Request for an Arrangement Under the Flexible Credit Line—Press Release; Staff Report; and Staff Supplement »

Source: Chile : Request for an Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Staff Supplement

Volume/Issue: 192020/183

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545998

Keywords: International reserves, Financial crises, Economic policy, Financial systems, External debt, ISCR, CR, FCL, percent of GDP, percent

This paper explores Chile's Request for an Arrangement Under the Flexible Credit Line (FCL). Chile qualifies for the FCL by virtue of its very strong fundamentals, institutional policy frameworks, track record of e...

IMF Executive Board Approves Two-Year US$23.93 Billion Flexible Credit Line Arrangement for Chile

IMF Executive Board Approves Two-Year US$23.93 Billion Flexible Credit Line Arrangement for Chile »

Source: Chile : Request for an Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Staff Supplement

Volume/Issue: 192020/183

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545998

Keywords: International reserves, Financial crises, Economic policy, Financial systems, External debt, ISCR, CR, FCL, percent of GDP, percent

This paper explores Chile's Request for an Arrangement Under the Flexible Credit Line (FCL). Chile qualifies for the FCL by virtue of its very strong fundamentals, institutional policy frameworks, track record of e...

Chile
			: Request for an Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Staff Supplement

Chile : Request for an Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Staff Supplement »

Volume/Issue: 192020/183

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

DOI: http://dx.doi.org/10.5089/9781513545998.002

ISBN: 9781513545998

Keywords: International reserves, Financial crises, Economic policy, Financial systems, External debt, ISCR, CR, FCL, percent of GDP, percent

This paper explores Chile's Request for an Arrangement Under the Flexible Credit Line (FCL). Chile qualifies for the FCL by virtue of its very strong fundamentals, institutional policy frameworks, track record of e...

Chile

Chile »

Source: Chile : Technical Assistance Report-Forming an Integrated Supervisory Authority

Volume/Issue: 2020/56

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2020

ISBN: 9781513531687

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial systems, Financial markets, ISCR, CR, CMF, legal mandate, transition process

This Technical Assistance Report paper on Chile advices on the planned integration of the superintendency for banking supervision, Superintendencia de Bancos y Instituciones Financieras (SBIF), into the Comisión pa...

Chile
			: Technical Assistance Report-Forming an Integrated Supervisory Authority

Chile : Technical Assistance Report-Forming an Integrated Supervisory Authority »

Volume/Issue: 2020/56

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2020

DOI: http://dx.doi.org/10.5089/9781513531687.002

ISBN: 9781513531687

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial systems, Financial markets, ISCR, CR, CMF, legal mandate, transition process

This Technical Assistance Report paper on Chile advices on the planned integration of the superintendency for banking supervision, Superintendencia de Bancos y Instituciones Financieras (SBIF), into the Comisión pa...

Chile’s Fiscal Framework: an Outsider’s Perspective

Chile’s Fiscal Framework: an Outsider’s Perspective »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

Chile’s fiscal rule has served the country well, helped strengthen fiscal discipline and medium-term planning, and contribu...

Enhancing Chile's Fiscal Framework
			: Lessons from Domestic and International Experience

Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience »

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513514024.073

ISBN: 9781513514024

This booklet summarizes the presentations in the conference titled 'Enhancing Chile's Fiscal Framework: Lessons from Domestic and International Experience,' organized by Chile's Ministry of Finance and the Internat...

Back Matter

Back Matter »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

This booklet summarizes the presentations in the conference titled 'Enhancing Chile's Fiscal Framework: Lessons from Domestic and International Experience,' organized by Chile's Ministry of Finance and the Internat...

Front Matter

Front Matter »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

This booklet summarizes the presentations in the conference titled 'Enhancing Chile's Fiscal Framework: Lessons from Domestic and International Experience,' organized by Chile's Ministry of Finance and the Internat...

AN Evaluation of Chile’s Fiscal Rule

AN Evaluation of Chile’s Fiscal Rule »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

Chile’s fiscal rule, in operation since 2001, has been a benchmark for international observers as a result of its acyclical...

Factors for Fine-Tuning Fiscal Policy

Factors for Fine-Tuning Fiscal Policy »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

When viewed from all angles, Chile’s fiscal rule can be given a positive assessment. Its operation has been a key factor in...

Fiscal Discipline: from Theory to Practice

Fiscal Discipline: from Theory to Practice »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

Constraining budgetary decisions is needed for two main reasons. First, governments are simultaneously subject to intense d...

Fiscal Policy in Chile: Some Comparisons and Concerns

Fiscal Policy in Chile: Some Comparisons and Concerns »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

While the cyclical component of Chile’s fiscal policy in the last 15 years seems broadly appropriate, the fiscal rule has suffered a number of changes throughout this period, sugges...

The Fiscal Rule and Institutional Framework During the Past 20 Years

The Fiscal Rule and Institutional Framework During the Past 20 Years »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

The fiscal rule in Chile operated adequately until the 2008 global financial crisis. The accumulation of surpluses during t...

Fiscal Rule for Normal and Difficult Times

Fiscal Rule for Normal and Difficult Times »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

During the last 25 years, Chile has made substantial progress in the area of macroeconomic stability as a result of its ins...

Fiscal Rules and Macroeconomic Performance: World Evidence

Fiscal Rules and Macroeconomic Performance: World Evidence »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

A developed fiscal framework is based on several fiscal institutions that contribute to fiscal and macroeconomic performanc...

Fiscal Rules for Long-Term Objectives

Fiscal Rules for Long-Term Objectives »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

After 2008 many countries started to revise their fiscal rules, mostly to address weaknesses that had emerged with the Glob...

Fiscal Rules in Latin America and the Caribbean

Fiscal Rules in Latin America and the Caribbean »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

The countries of Latin America and the Caribbean (LAC) have joined the global trend of adopting rules-based macrofiscal fra...

Fiscal Rules: what do we Really want from Them?

Fiscal Rules: what do we Really want from Them? »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

Economics is full of fads, and fiscal rules and fiscal councils already fit the profile. Notwithstanding, from a policy per...

Getting Rules into Policymakers’ Hands: a Review of Rules-Based Macro Policy

Getting Rules into Policymakers’ Hands: a Review of Rules-Based Macro Policy »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

There is a long-running debate as to whether macroeconomic policy decisions should follow predefined rules or be left to th...

Key Factors for Achieving a Better Fiscal Rule

Key Factors for Achieving a Better Fiscal Rule »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

The fiscal rule has been one of the main assets of macroeconomic policy in Chile, providing a framework for fiscal policy a...

New Zealand’s Fiscal Framework

New Zealand’s Fiscal Framework »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

New Zealand’s fiscal framework has endured over nearly three decades. The main features of the fiscal framework are its emp...

Notes on the Fiscal Rule

Notes on the Fiscal Rule »

Source: Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513514024

The structure of the presentation reflects an approach in which the fiscal rule is perceived as a valuable practice placed...

Chile

Chile »

Source: Chile : Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto

Volume/Issue: 2019/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

Language: Spanish

ISBN: 9781513512020

Keywords: ISCR, CR, SRs, budget process, SRU, ex-ante, medium-term

El Gobierno de Chile ha anunciado que está comprometido a alcanzar su meta fiscal y contener el crecimiento del gasto. El objetivo de la meta fiscal es reducir el déficit estructural en 0,2% del PIB en cada año del...

Chile

Chile »

Source: Chile : Technical Assistance Report-Introducing and Institutionalizing Spending Reviews

Volume/Issue: 2019/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

ISBN: 9781513510910

Keywords: Expenditure controls, Sovereign credit ratings, Budget estimates, Economic indicators, Budgetary process, ISCR, CR, SRs, budget process, SRU

This technical assistance report on Chile focuses on introducing and institutionalizing spending reviews (SR). The Chilean government has announced its commitment to achieving its fiscal target and containing expen...

Chile
			: Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto

Chile : Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto »

Volume/Issue: 2019/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513512020.002

ISBN: 9781513512020

Keywords: ISCR, CR, SRs, budget process, SRU, ex-ante, medium-term

El Gobierno de Chile ha anunciado que está comprometido a alcanzar su meta fiscal y contener el crecimiento del gasto. El objetivo de la meta fiscal es reducir el déficit estructural en 0,2% del PIB en cada año del...

Chile
			: Technical Assistance Report-Introducing and Institutionalizing Spending Reviews

Chile : Technical Assistance Report-Introducing and Institutionalizing Spending Reviews »

Volume/Issue: 2019/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

DOI: http://dx.doi.org/10.5089/9781513510910.002

ISBN: 9781513510910

Keywords: Expenditure controls, Sovereign credit ratings, Budget estimates, Economic indicators, Budgetary process, ISCR, CR, SRs, budget process, SRU

This technical assistance report on Chile focuses on introducing and institutionalizing spending reviews (SR). The Chilean government has announced its commitment to achieving its fiscal target and containing expen...

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy »

Source: Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy

Volume/Issue: 2019/49

Series: IMF Working Papers

Author(s): Francesca Caselli , and Julien Reynaud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2019

ISBN: 9781498300865

Keywords: Fiscal rules, Fiscal balance, Fiscal consolidation, Fiscal framework, Fiscal sustainability, Instrument variable (IV) estimation, Fiscal rules, Fiscal balances., endogeneity, instrumental variable

This paper estimates the causal effect of fiscal rules on fiscal balances in a panel of 142 countries over the period 1985-2015. Our instrumental variable strategy exploits the geographical diffusion of fiscal rule...

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy

Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy »

Volume/Issue: 2019/49

Series: IMF Working Papers

Author(s): Francesca Caselli , and Julien Reynaud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2019

DOI: http://dx.doi.org/10.5089/9781498300865.001

ISBN: 9781498300865

Keywords: Fiscal rules, Fiscal balance, Fiscal consolidation, Fiscal framework, Fiscal sustainability, Instrument variable (IV) estimation, Fiscal rules, Fiscal balances., endogeneity, instrumental variable

This paper estimates the causal effect of fiscal rules on fiscal balances in a panel of 142 countries over the period 1985-2015. Our instrumental variable strategy exploits the geographical diffusion of fiscal rule...

Assessing the Macroeconomic Impact of Structural Reforms in Chile

Assessing the Macroeconomic Impact of Structural Reforms in Chile »

Source: Assessing the Macroeconomic Impact of Structural Reforms in Chile

Volume/Issue: 2018/285

Series: IMF Working Papers

Author(s): Metodij Hadzi-Vaskov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2018

ISBN: 9781484386934

Keywords: Technological innovation, Product markets, Productivity, Western Hemisphere, Labor markets, Chile, Fiscal reforms, Education, Structural Reforms, Economics of Regulation

This study investigates the likely macroeconomic impact of various structural reforms that align the Chilean regulatory framework with international best practices. In this context, the analysis: i) presents a comp...

Assessing the Macroeconomic Impact of Structural Reforms in Chile

Assessing the Macroeconomic Impact of Structural Reforms in Chile »

Volume/Issue: 2018/285

Series: IMF Working Papers

Author(s): Metodij Hadzi-Vaskov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2018

DOI: http://dx.doi.org/10.5089/9781484386934.001

ISBN: 9781484386934

Keywords: Technological innovation, Product markets, Productivity, Western Hemisphere, Labor markets, Chile, Fiscal reforms, Education, Structural Reforms, Economics of Regulation

This study investigates the likely macroeconomic impact of various structural reforms that align the Chilean regulatory framework with international best practices. In this context, the analysis: i) presents a comp...

Chile: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Chile

Chile: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Chile »

Source: Chile : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2018/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383902

Keywords: Western Hemisphere, Chile

The Chilean economy is recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the past two years. The new administration, which took office in March, aims a...

Chile: Selected Issues Paper

Chile: Selected Issues Paper »

Source: Chile : Selected Issues Paper

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Chile: Selected Issues Paper

Chile: Selected Issues Paper »

Source: Chile : Selected Issues Paper

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Chile: Selected Issues Paper

Chile: Selected Issues Paper »

Source: Chile : Selected Issues Paper

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Chile: Selected Issues Paper

Chile: Selected Issues Paper »

Source: Chile : Selected Issues Paper

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Chile: Selected Issues Paper

Chile: Selected Issues Paper »

Source: Chile : Selected Issues Paper

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Chile: Staff Report for the 2018 Article IV Consultation—Informational Annex

Chile: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Chile : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2018/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383902

Keywords: Western Hemisphere, Chile

The Chilean economy is recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the past two years. The new administration, which took office in March, aims a...

IMF Executive Board Concludes 2018 Article IV Consultation with Chile

IMF Executive Board Concludes 2018 Article IV Consultation with Chile »

Source: Chile : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2018/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383902

Keywords: Western Hemisphere, Chile

The Chilean economy is recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the past two years. The new administration, which took office in March, aims a...

Chile
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Chile : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile »

Volume/Issue: 2018/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

DOI: http://dx.doi.org/10.5089/9781484383902.002

ISBN: 9781484383902

Keywords: Western Hemisphere, Chile

The Chilean economy is recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the past two years. The new administration, which took office in March, aims a...

Chile
			: Selected Issues Paper

Chile : Selected Issues Paper »

Volume/Issue: 2018/312

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

DOI: http://dx.doi.org/10.5089/9781484383919.002

ISBN: 9781484383919

Keywords: Western Hemisphere, Chile

Selected Issues Paper...

Statement by Gabriel Esteban Lopetegui, Executive Director for Chile and Carola Moreno, Advisor to the Executive Director November 7, 2018

Statement by Gabriel Esteban Lopetegui, Executive Director for Chile and Carola Moreno, Advisor to the Executive Director November 7, 2018 »

Source: Chile : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2018/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2018

ISBN: 9781484383902

Keywords: Western Hemisphere, Chile

The Chilean economy is recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the past two years. The new administration, which took office in March, aims a...

Central Bank Communication and Monetary Policy Surprises in Chile

Central Bank Communication and Monetary Policy Surprises in Chile »

Source: Central Bank Communication and Monetary Policy Surprises in Chile

Volume/Issue: 2018/156

Series: IMF Working Papers

Author(s): Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

ISBN: 9781484363102

Keywords: Financial crises, Foreign banks, Monetary policy; monetary policy shocks; proxy VAR; central bank communication; central bank predictability; inflation forecast dispersion, Chile, Monetary policy, monetary policy shocks, proxy VAR, central bank communication, central bank predictability, inflation forecast dispersion

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct inde...

Central Bank Communication and Monetary Policy Surprises in Chile

Central Bank Communication and Monetary Policy Surprises in Chile »

Volume/Issue: 2018/156

Series: IMF Working Papers

Author(s): Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

DOI: http://dx.doi.org/10.5089/9781484363102.001

ISBN: 9781484363102

Keywords: Financial crises, Foreign banks, Monetary policy; monetary policy shocks; proxy VAR; central bank communication; central bank predictability; inflation forecast dispersion, Chile, Monetary policy, monetary policy shocks, proxy VAR, central bank communication, central bank predictability, inflation forecast dispersion

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct inde...

The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America

The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America »

Volume/Issue: 2018/142

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

DOI: http://dx.doi.org/10.5089/9781484361696.001

ISBN: 9781484361696

Keywords: Western Hemisphere, Taxation, Chile, Fiscal consolidation, Fiscal policy, emerging market economies, General

We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in fiscal policy m...

The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America1

The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America1 »

Source: The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America

Volume/Issue: 2018/142

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361696

Keywords: Western Hemisphere, Taxation, Chile, Fiscal consolidation, Fiscal policy, emerging market economies, General

We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in fiscal policy m...

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean »

Volume/Issue: 2018/94

Series: IMF Working Papers

Author(s): Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2018

DOI: http://dx.doi.org/10.5089/9781484353059.001

ISBN: 9781484353059

Keywords: Mexico, Paraguay, Peru, Taxation, Uruguay, Western Hemisphere, Argentina, Fiscal policy, Guatemala, Jamaica

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by...

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean1

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean1 »

Source: A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

Volume/Issue: 2018/94

Series: IMF Working Papers

Author(s): Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2018

ISBN: 9781484353059

Keywords: Mexico, Paraguay, Peru, Taxation, Uruguay, Western Hemisphere, Argentina, Fiscal policy, Guatemala, Jamaica

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by...

Making Trade an Engine of Growth for All
			:  The Case for Trade and for Policies to Facilitate Adjustment

Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment »

Volume/Issue: 2017/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2017

DOI: http://dx.doi.org/10.5089/9781498347013.007

ISBN: 9781498347013

Keywords: Total factor productivity, Agricultural trade, International trade agreements, Merchandise trade, Comparative advantage, trade reform, NTMs, benefit of trade, trade-related, restrictiveness

The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the...

Making Trade an Engine of Growth for All

Making Trade an Engine of Growth for All »

Source: Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment

Volume/Issue: 2017/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2017

ISBN: 9781498347013

Keywords: Total factor productivity, Agricultural trade, International trade agreements, Merchandise trade, Comparative advantage, trade reform, NTMs, benefit of trade, trade-related, restrictiveness

The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the...

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Source: The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320648.001

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

Mining Spillovers in Chile

Mining Spillovers in Chile »

Volume/Issue: 2017/177

Series: IMF Working Papers

Author(s): Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

DOI: http://dx.doi.org/10.5089/9781484312698.001

ISBN: 9781484312698

Keywords: Western Hemisphere, Chile, Sectoral production, Output spillovers, General, Analysis of Growth, Development, and Changes, Size and Spatial Distributions of Regional Economic Activity

Chile's small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-trada...

Mining Spillovers in Chile

Mining Spillovers in Chile »

Source: Mining Spillovers in Chile

Volume/Issue: 2017/177

Series: IMF Working Papers

Author(s): Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

ISBN: 9781484312698

Keywords: Western Hemisphere, Chile, Sectoral production, Output spillovers, General, Analysis of Growth, Development, and Changes, Size and Spatial Distributions of Regional Economic Activity

Chile's small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-trada...

Chapter 5. Barriers to Integration for Pension Funds

Chapter 5. Barriers to Integration for Pension Funds »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Pension funds are becoming increasingly important in financial markets in the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay). The size of these pension funds has surpassed 17 percent of GD...

Chapter 3. Barriers to Integration in Banking

Chapter 3. Barriers to Integration in Banking »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Banking systems are the largest financial intermediaries in the LA-7 countries (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay), amounting to about 100 percent of LA-7 GDP. Brazil’s banking syste...

Chapter 6. Barriers to Integration in Capital Markets

Chapter 6. Barriers to Integration in Capital Markets »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Market capitalizations in the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay) are moderate in size by emerging market standards; however, continued growth and development will depend on imp...

Chapter 4. Barriers to Integration in the Insurance Sector

Chapter 4. Barriers to Integration in the Insurance Sector »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

In the countries that make up the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay), insurance penetration (measured by premiums in percent of GDP) remains low, ranging from 1 to 4 percentage...

Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America

Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

After a period of endemic economic and financial crises during the 1980s to 1990s, many Latin American countries opened up their previously closed economies to international financial institutions at the tur...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Many factors indicate that now may be the time for Latin American economies to work toward greater regional financial integration. This would not be a substitute for wider integration in the world economy; s...

Chapter 7. Legal Barriers to Regional Financial Integration in Latin America

Chapter 7. Legal Barriers to Regional Financial Integration in Latin America »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Legal frameworks shape the context in which economic transactions take place, both within a given economy and between economies. Laws and regulations allow private economic agents to establish and (re)organi...

Chapter 8. Regional Initiatives to Achieve Financial Integration

Chapter 8. Regional Initiatives to Achieve Financial Integration »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

This chapter takes stock of existing efforts at regional financial integration. Integration initiatives have a long history in Latin America; however, many have lost momentum after initial enthusiasm. This c...

Chapter 9. Risks and Mitigation for Financial Integration

Chapter 9. Risks and Mitigation for Financial Integration »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Financial integration and the resulting interconnections among financial and nonfinancial institutions provide benefits and risks for countries. As articulated in earlier chapters in this book, financial int...

Financial Integration in Latin America
			: A New Strategy for a New Normal

Financial Integration in Latin America : A New Strategy for a New Normal »

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

DOI: http://dx.doi.org/10.5089/9781513520247.071

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Back Matter

Back Matter »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Front Matter

Front Matter »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Labor Force Participation in Chile
			: Recent Trends, Drivers, and Prospects

Labor Force Participation in Chile : Recent Trends, Drivers, and Prospects »

Volume/Issue: 2017/54

Series: IMF Working Papers

Author(s): Patrick Blagrave , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2017

DOI: http://dx.doi.org/10.5089/9781475586213.001

ISBN: 9781475586213

Keywords: Labor force participation, Chile, Women, Potential output, Labor supply, Aging, Labor force partipation, female labor force participation, potential output, Labor Economics Policies

Gains in labor force participation rates in Chile have slowed in recent years. We examine their determinants using a cohort-model analysis. Allowing for both age- and cohort-specific effects in the context of a see...

Pension Reform Options in Chile
			: Some Tradeoffs

Pension Reform Options in Chile : Some Tradeoffs »

Volume/Issue: 2017/53

Series: IMF Working Papers

Author(s): Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2017

DOI: http://dx.doi.org/10.5089/9781475586206.001

ISBN: 9781475586206

Keywords: Pension reforms, Chile, Pensions, Private savings, Fiscal policy, Monetary policy, Indirect taxation, Macro-fiscal analysis, General equilibrium models, macroeconomic analysis

In this paper, we study the macroeconomic impact of pension reform options in Chile, using a dynamic general equilibrium model. The main reform proposal considers raising contributions (employer side) and vehicle a...

Labor Force Participation in Chile

Labor Force Participation in Chile »

Source: Labor Force Participation in Chile : Recent Trends, Drivers, and Prospects

Volume/Issue: 2017/54

Series: IMF Working Papers

Author(s): Patrick Blagrave , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2017

ISBN: 9781475586213

Keywords: Labor force participation, Chile, Women, Potential output, Labor supply, Aging, Labor force partipation, female labor force participation, potential output, Labor Economics Policies

Gains in labor force participation rates in Chile have slowed in recent years. We examine their determinants using a cohort-model analysis. Allowing for both age- and cohort-specific effects in the context of a see...

Pension Reform Options in Chile

Pension Reform Options in Chile »

Source: Pension Reform Options in Chile : Some Tradeoffs

Volume/Issue: 2017/53

Series: IMF Working Papers

Author(s): Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2017

ISBN: 9781475586206

Keywords: Pension reforms, Chile, Pensions, Private savings, Fiscal policy, Monetary policy, Indirect taxation, Macro-fiscal analysis, General equilibrium models, macroeconomic analysis

In this paper, we study the macroeconomic impact of pension reform options in Chile, using a dynamic general equilibrium model. The main reform proposal considers raising contributions (employer side) and vehicle a...

Cluster Report

Cluster Report »

Source: Cluster Report : Trade Integration in Latin America and the Caribbean

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Cluster Report
			: Trade Integration in Latin America and the Caribbean

Cluster Report : Trade Integration in Latin America and the Caribbean »

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586015.002

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

CHILE

CHILE »

Source: Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

CHILE: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Chile

CHILE: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Chile »

Source: Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

IMF Executive Board Concludes 2016 Article IV Consultation with Chile

IMF Executive Board Concludes 2016 Article IV Consultation with Chile »

Source: Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

Chile
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile »

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

DOI: http://dx.doi.org/10.5089/9781475559675.002

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

Statement by Mr. Estrella, Executive Director for Chile, and Mr. Vicuna, Advisor to the Executive Director

Statement by Mr. Estrella, Executive Director for Chile, and Mr. Vicuna, Advisor to the Executive Director »

Source: Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

Statement by the IMF Staff Representative on Chile

Statement by the IMF Staff Representative on Chile »

Source: Chile : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

Volume/Issue: 2016/376

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2016

ISBN: 9781475559675

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Corporate sector, Fiscal reforms, Pension reforms, Monetary policy, Floating exchange rates, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7...

Stock Market Liquidity in Chile

Stock Market Liquidity in Chile »

Volume/Issue: 2016/223

Series: IMF Working Papers

Author(s): Luis Brandao-Marques

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

DOI: http://dx.doi.org/10.5089/9781475554656.001

ISBN: 9781475554656

Keywords: Western Hemisphere, Chile, International financial markets, Market liquidity; investor protection; corporate governance; liquidity premium, Market liquidity, investor protection, corporate governance, liquidity premium, Asset Pricing

Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence...

Stock Market Liquidity in Chile

Stock Market Liquidity in Chile »

Source: Stock Market Liquidity in Chile

Volume/Issue: 2016/223

Series: IMF Working Papers

Author(s): Luis Brandao-Marques

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

ISBN: 9781475554656

Keywords: Western Hemisphere, Chile, International financial markets, Market liquidity; investor protection; corporate governance; liquidity premium, Market liquidity, investor protection, corporate governance, liquidity premium, Asset Pricing

Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence...

To Bet or Not to Bet
			: Copper Price Uncertainty and Investment in Chile

To Bet or Not to Bet : Copper Price Uncertainty and Investment in Chile »

Volume/Issue: 2016/218

Series: IMF Working Papers

Author(s): Fabio Comelli , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

DOI: http://dx.doi.org/10.5089/9781475553598.001

ISBN: 9781475553598

Keywords: Investment, Exchange rates, Chile, Chile, Copper, Commodity prices, Vector autoregression, Options, copper price, exchange rate

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rek...

To Bet or Not to Bet

To Bet or Not to Bet »

Source: To Bet or Not to Bet : Copper Price Uncertainty and Investment in Chile

Volume/Issue: 2016/218

Series: IMF Working Papers

Author(s): Fabio Comelli , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

ISBN: 9781475553598

Keywords: Investment, Exchange rates, Chile, Chile, Copper, Commodity prices, Vector autoregression, Options, copper price, exchange rate

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rek...

Estimating Potential Output in Chile

Estimating Potential Output in Chile »

Source: Estimating Potential Output in Chile : A Multivariate Filter for Mining and Non-Mining Sectors

Volume/Issue: 2016/201

Series: IMF Working Papers

Author(s): Patrick Blagrave , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2016

ISBN: 9781475544923

Keywords: Macroeconomic Modeling, Potential Output, Production Function

Using a multivariate filter, we estimate potential growth rates in Chile's mining and non-mining sectors. Estimates for the mining sector incorporate information on copper prices, whereas estimates for non-mining r...

Estimating Potential Output in Chile
			: A Multivariate Filter for Mining and Non-Mining Sectors

Estimating Potential Output in Chile : A Multivariate Filter for Mining and Non-Mining Sectors »

Volume/Issue: 2016/201

Series: IMF Working Papers

Author(s): Patrick Blagrave , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2016

DOI: http://dx.doi.org/10.5089/9781475544923.001

ISBN: 9781475544923

Keywords: Macroeconomic Modeling, Potential Output, Production Function

Using a multivariate filter, we estimate potential growth rates in Chile's mining and non-mining sectors. Estimates for the mining sector incorporate information on copper prices, whereas estimates for non-mining r...

Central Banking in Latin America

Central Banking in Latin America »

Source: Central Banking in Latin America : The Way Forward

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

Central Banking in Latin America
			: The Way Forward

Central Banking in Latin America : The Way Forward »

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

DOI: http://dx.doi.org/10.5089/9781475543353.001

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

How to Adjust to a Large Fall in Commodity Prices

How to Adjust to a Large Fall in Commodity Prices »

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

DOI: http://dx.doi.org/10.5089/9781475536065.061

ISBN: 9781475536065

Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...

How to Adjust to a Large Fall in Commodity Prices

How to Adjust to a Large Fall in Commodity Prices »

Source: How to Adjust to a Large Fall in Commodity Prices

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

ISBN: 9781475536065

Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...

Outside the Band
			: Depreciation and Inflation Dynamics in Chile

Outside the Band : Depreciation and Inflation Dynamics in Chile »

Volume/Issue: 2016/129

Series: IMF Working Papers

Author(s): Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2016

DOI: http://dx.doi.org/10.5089/9781498350976.001

ISBN: 9781498350976

Keywords: traded goods inflation, non-traded goods inflation, exchange rate pass-through, indexation, monetary policy, Chile

This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for substantial pass-through effects to inflation, given the large and persistent depreciation move...

Outside the Band

Outside the Band »

Source: Outside the Band : Depreciation and Inflation Dynamics in Chile

Volume/Issue: 2016/129

Series: IMF Working Papers

Author(s): Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2016

ISBN: 9781498350976

Keywords: traded goods inflation, non-traded goods inflation, exchange rate pass-through, indexation, monetary policy, Chile

This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for substantial pass-through effects to inflation, given the large and persistent depreciation move...

Foreign Exchange Intervention under Policy Uncertainty*

Foreign Exchange Intervention under Policy Uncertainty* »

Source: Foreign Exchange Intervention under Policy Uncertainty

Volume/Issue: 2016/67

Series: IMF Working Papers

Author(s): Gustavo Adler , Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2016

ISBN: 9781475520415

Keywords: Foreign Exchange Intervention, Monetary Policy, Learning, inflation, central bank, exchange, currency, Open Economy Macroeconomics,

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full inform...

Foreign Exchange Intervention under Policy Uncertainty

Foreign Exchange Intervention under Policy Uncertainty »

Volume/Issue: 2016/67

Series: IMF Working Papers

Author(s): Gustavo Adler , Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2016

DOI: http://dx.doi.org/10.5089/9781475520415.001

ISBN: 9781475520415

Keywords: Foreign Exchange Intervention, Monetary Policy, Learning, inflation, central bank, exchange, currency, Open Economy Macroeconomics,

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full inform...

Inflation Targeting and Exchange Rate Management In Less Developed Countries

Inflation Targeting and Exchange Rate Management In Less Developed Countries »

Volume/Issue: 2016/55

Series: IMF Working Papers

Author(s): Marco Airaudo , Edward Buffie , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

DOI: http://dx.doi.org/10.5089/9781513567433.001

ISBN: 9781513567433

Keywords: Inflation Targeting, Exchange Rate, Indeterminacy, Taylor Principle, inflation, foreign exchange, central bank, Monetary Policy (Targets, Instruments, and Effects)

We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that...

Inflation Targeting and Exchange Rate Management In Less Developed Countries*

Inflation Targeting and Exchange Rate Management In Less Developed Countries* »

Source: Inflation Targeting and Exchange Rate Management In Less Developed Countries

Volume/Issue: 2016/55

Series: IMF Working Papers

Author(s): Marco Airaudo , Edward Buffie , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513567433

Keywords: Inflation Targeting, Exchange Rate, Indeterminacy, Taylor Principle, inflation, foreign exchange, central bank, Monetary Policy (Targets, Instruments, and Effects)

We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781475596465.001

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...