Chile: Staff Report for the 2003 Article IV Consultation

September 26, 2003

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Chile: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Chile has successfully resisted contagion from neighboring countries difficulties. Chile's inflation targeting framework has successfully anchored inflation expectations and increased the economy's resilience to external shocks while maintaining price stability. The floating exchange rate regime is an essential part of the macroeconomic policy framework and continues to serve Chile well. The interest in recapitalizing the central bank is welcomed. Executive Directors commend Chile for the transparency of monetary and fiscal policies. Chile faces the essential task of returning to sustained economic growth and relatively low unemployment.

Subject: Banking, Central banks, Exports, External debt, Fiscal policy, Fiscal stance, International reserves, International trade, Public debt

Keywords: Asia and Pacific, Core inflation measure, CR, Exports, Financial market condition, Fiscal policies transparency, Fiscal policy, Fiscal stance, Global, Inflation rate, International reserves, ISCR, Monetary policy, Oil import, United States-Chile trade agreement, Western Hemisphere

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/303
Stock No:

1CHLEA0022003
ISBN:

9781451807561
ISSN:

1934-7685

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