Chile : 2013 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/198

IMF country report ; no. 13/198

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Chile.

Economic development.

Chile--Economic conditions.

Chile.

Physical Description:

1 online resource (56 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the medium term. Technocratic, rules-based, and transparent policy management; monetary policy under a floating exchange rate undertaken by a credible central bank; and prudent fiscal policy, since 2001 under a near-legendary fiscal rule, has enhanced policy clarity, reinforced Chile’s resilience to shocks, and allowed for vigorous policy responses when needed, as after the global financial crisis and the earthquake. The widening current account deficit and the increased reliance on debt financing have increased balance of payments stability risks and Chile’s exposure to sudden stops.

Contents:

Cover; CONTENTS; THE SETTING; CURRENT CONDITIONS; FIGURES; 1. Past Growth Performance and Challenges Ahead; 2. Cyclical Position; 3. Financial Market Developments; 4. Fiscal Policy and Public Finances; 5. Monetary Policy and Inflation; 6. External Stability; 7. Macro-Financial Stability; 8. Real Estate Developments; OUTLOOK AND RISKS; 9. Spillovers and Exposures; POLICY DISCUSSIONS; A. Supporting the Soft Landing; B. Coping with External Spillovers; C. Medium-Term Fiscal Policy; D. Reinforcing Financial Stability; E. Fostering Strong and Inclusive Growth over the Medium term; F. Other Issues

STAFF APPRAISALBOXES; 1. What Explains the Peso Movements?; 2. The Strength of Government Finances; 3. Chile and Basel III; 4. Recent Developments in Mortgage Financing; TABLES; 1. Selected Social and Economic Indicators; 2. Summary Operations of the Central Government; 3. Summary Operations of the Public Sector; 4. Balance of Payments; 5. Monetary Survey; 6. Medium-Term Framework; 7. Indicators of External Vulnerability; ANNEXES; I. Debt Sustainability Analysis; II. 2011 FSAP Update

Status of Main Recommendations; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES

WORLD BANK-FUND COUNTRY-LEVEL WORK PROGRAM UNDER JMAP

Notes:

"July 2013."

Description based on print version record.

ISBN:

9781475571516

1475571518

9781484339602

1484339606

9781475574845

1475574843