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Chile Selected Issues Paper

This Selected Issues paper examines the acceleration of inflation over the past year in Chile, identifying domestic shocks to food and energy prices as main drivers. The paper uses the Jeanne-Rancière model to calculate Chile’s optimal ratio of international reserves to GDP. It analyzes the stabiliz...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
International Finance
Inflation
Foreign Exchange Reserves
International Liquidity
Finance
Monetary Economics
Inflation Targeting
Deflation
Reserve Assets
Balance Of Payments
Long-term Capital Movements
General Financial Markets: General (includes Measurement And Data)
Asset And Liability Management
International Economics
Central Banks
Price Level
Banks And Banking
Prices
Macroeconomics
Sudden Stops
Monetary Policy
Banking
Capital Movements
Public Finance
Money And Monetary Policy
Portfolio Choice
Finance: General
Investment Decisions
International Investment
Chile
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper examines the acceleration of inflation over the past year in Chile, identifying domestic shocks to food and energy prices as main drivers. The paper uses the Jeanne-Rancière model to calculate Chile’s optimal ratio of international reserves to GDP. It analyzes the stabilization properties of Chile’s macroeconomic framework and compares it with alternative policy rules. The paper concludes that Chile’s framework based on an explicit inflation target, a floating exchange rate, and a structural fiscal surplus rule is superior to other arrangements
Physical Description:25 pages
ISBN:9781451807677

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