Chile : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 1999/015

IMF Staff Country Reports

Language:

English

Subjects (All):

Foster home care.

Physical Description:

1 online resource (145 pages).

Other Title:

Chile

Place of Publication:

Washington, D.C. : International Monetary Fund, 1999.

Summary:

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Contents:

Contents

Basic Data

I. Overview

II. Copper and the Chilean Economy

A. Introduction

B. Literature Review

C. Short Run Perspective: Copper Cycle and the Chilean Business Cycle

D. Long Run Perspective: Copper Trends and the Chilean Economy

E. Transmission Channels

F. Conclusions

III. Nonrenewable Resources: A Case for Persistent Fiscal Surpluses

B. A Stylized Model of Fiscal Policy with Nonrenewable Resources

C. Conclusion and Policy Implications

IV. Capital Account Restrictions in Chile in the 1990s

A. The Problem

B. Evolution of Capital Account Restrictions in Chile in the 1990s

C. A Survey of the Literature on the URR in Chile

D. Conclusions and Policy Implications

Text Tables

II. 1. World Copper Reserves

2. World Copper Production by Countries or Regions

3. Copper Consumption by Countries or Regions

IV. 1. Evolution of Restrictions on Capital Flows in the 1990s

2. Summary of Selective Quantitative Studies on the Effects of the URR on Capital Inflows

3. Assessment of Selective Quantitative Studies on the Effects of the URR on Capital Inflows in Chile

Figures

II. 1. Real Copper Price

2. Distance from Copper Price Peak

3. Four-Quarter GDP Growth and Real Copper Price

4a. GDP Four-Quarter Growth

4b. Industrial Production Growth

4c. Change in Copper Production Growth

5. Consumption Growth

6. Fixed Investment Growth

7. Fixed Investment in Machinery Growth

8. Fixed Investment in Construction Growth

9. Import Growth

10. Export Growth

11. Trade Balance

12. Four-Quarter Difference in Trade Balance

13. Current Account (Share of GDP in U.S. dollars)

14. Capital Account

15. FDI Growth

16. Percentage Change in Nominal Exchange Rate

17. Real Exchange Rate Growth

18. Inflation

19. Real Lending Rate

20. Share Price Growth

21. Changes in Real Wages

III. 1a. Paths of Primary Deficits (In per capita terms)

Constant Government Expenditure Case

Increasing Government Expenditure Case

Decreasing Government Expenditure Case

1b. Paths of Primary Deficits (In percent of GDP)

Per Capita-Constant Government Expenditure Case

Per Capita-Increasing Government Expenditure Case

Per Capita-Decreasing Government Expenditure Case

2a. Price or Volume Effect (In per capita terms)

Double Endowment Size Case

2b. Price or Volume Effect (In percent of GDP)

3. Sensitivity of Constant-Expenditure Primary Deficits to Endowment Size

IV. 1. Components of Gross Capital Outflows in Chile

2. Different Definitions of Capital Inflows 1-02

3. Share of URR-covered Flows in Gross Capital Inflows

4. URR Tightening (1991, 1996, 1996) and Behavior of Affected Gross Inflows

5a. Net Short-term Capital Flows (Total, Debt, and Nondebt Flows)

5b. Structure of Foreign Capital in Chile

6. Capital Account Ratio to GDP: Trend and Cyclical Components

7. Capital Inflow and Outflow Ratios to GDP: Trend and Cyclical Components

8a. Domestic Minus Foreign Real Interest Rates and Changes in the Real Effective Exchange Rate Lagged One Year: Cyclical Components

8b. Domestic Minus Foreign Potential Output Growth and Changes in the Real Effective Exchange Rate: Trend Components

9a. Chile: Short-term Capital Flow Ratio to GDP, Trend and Cyclical Components

9b. Brazil: Short-term Capital Flow Ratio to GDP, Trend and Cyclical Components

9c. Mexico: Short-term Capital Flow Ratio to GDP, Trend and Cyclical Components

Boxes

II. 1. Copper

2. CODELCO and the Institutional Framework

Appendices

II Regressions

III. 1. A Stylized Model of Fiscal Policy with Nonrenewable Resources

2. Initial Conditions for Initial Primary Surpluses

IV. Endogneity of Regressors and Cointegration

Statistical Appendix Tables

Output and Prices

1. Aggregate Supply and Demand

2. Savings and Investment

3. Sectoral Origin of GDP

4. National Accounts at Current Prices

5. National Accounts at Constant Prices

6. Indicators of the Mining Sector

7. Indicators of the Manufacturing Sector

8. Population, Labor Force, and Employment

9. Index of Nominal Wages

10. Consumer Price Index

11. Social Indicators

Nonfinancial Public Sector

12. Summary Operations of the Combined Public Sector

13. Summary Operations of the General Government

14. General Government Revenue

15. General Government Expenditure

16. Operations of the Public Enterprises

17. Summary Operations of CODELCO

18. Fiscal Impulse

Financial System

19. Real Interest Rates on Central Bank Notes and Operations of the Financial System

20. Private Sector Holdings of Financial Assets

21. Operations of the Financial System

22. Operations of the Central Bank

23. Operations of Banks, Nonbanks, and Pension Funds

24. Summary Accounts of the Financial System

25. Summary Accounts of the Central Bank

26. Summary Accounts of Banks and Nonbanks Financial Intermediaries

27. Summary Accounts of Pension Funds

28. Pension Funds-Selected Indicators

External Sector

29. Export and Import Values, Volumes and Prices, and Terms of Trade

30. Exports (f.o.b.) by Main Categories

31. Imports (c.i.f.) by Type of Goods

32. Capital Goods Imports

33. Direction of Trade

34. Net International Reserves of the Financial System.

Notes:

Includes bibliographical references.

Description based on publisher supplied metadata and other sources.

ISBN:

9781452730332

1452730334