Chile: Selected Issues

August 6, 2015

Preview Citation

Format: Chicago

Chile: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This Selected Issues paper examines the effect of lower copper prices on Chile’s growth at various time horizons. This paper discusses the copper outlook and suggests that the fall in copper prices is likely to have a persistent (although not permanent) effect on GDP growth. It argues that copper prices are unlikely to return to historical highs in the near future. The paper also provides theoretical and empirical evidence supporting the view that long-term GDP growth will not be affected, but the transition toward a lower GDP level can take up to a decade.

Subject: Capital income tax, Commodity prices, Infrastructure, International organization, Labor, Labor force, Metal prices, Monetary policy, National accounts, Prices, Taxes

Keywords: Asia and Pacific, Capital income tax, Commodity prices, Copper price peak, GDP deceleration, GDP loss, Global, Household income, Infrastructure, Infrastructure capital, Labor force, Metal prices, OECD average, Potential GDP, Reform agenda, Tax reform, Volatility model

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/228
Stock No:

1CHLEA2015002
ISBN:

9781513559858
ISSN:

1934-7685

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