IMF Staff Country Reports

Chile: Selected Issues

July 8, 2013

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Chile: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure decision helped support the recovery. In Chile, the growth generated by this improvement, was sufficient to overcome the relatively weak performance of efficiency (TFP). Chile’s recovery has been characterized by strong investment growth, 0.8 percentage points higher than the precrisis trend. The establishment of the Financial Stability Council in 2011 is an important step to ensure close coordination among the institutions involved in Chile’s financial prudential framework.

Subject: Credit, Exchange rates, Financial crises, Foreign exchange, Labor, Metal prices, Money, Prices

Keywords: Bank, BCA technique, Chilean peso, Copper price, CR, Credit, Credit growth, Exchange rates, Global, ISCR, Labor wedge, Metal prices, Peso exchange rate

Publication Details

  • Pages:

    54

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/199

  • Stock No:

    1CHLEA2013002

  • ISBN:

    9781484316481

  • ISSN:

    1934-7685

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