The paper analyzes Chile''s structural balance fiscal rule in the face of copper price shocks originating in foreign … sector. Two results are obtained. First, Chile''s current fiscal rule performs well if the policymaker puts a small weight on …) higher volatility of fiscal variables. Second, given its current stock of government assets, Chile''s adoption of a 0 …

This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated … plays a dominant role. The contribution of TFP growth in Chile is relatively small, but, based on a comparison with European …

study examines whether the variance of the cyclical component of output in Chile and 11 other countries increased during the … 1990s, a period during which the variance of inflation declined. The alternative measures of potential output for Chile are …

This Selected Issues paper examines economic developments in Chile during 1995–97. Average output growth exceeded 7 …

in absolute terms and as a fraction of real economic activity. Empirical results using data for Mexico, Chile, Argentina …, and Chile, but not for Israel. In addition, for both Chile and Mexico, dummy variables representing periods of inflation …

This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …

extrapolations from U.S.evidence. The analysis is illustrated for the case of Chile, though it could be applied to other countries …

Chile has successfully resisted contagion from neighboring countries' difficulties. Chile's inflation targeting … continues to serve Chile well. The interest in recapitalizing the central bank is welcomed. Executive Directors commend Chile … for the transparency of monetary and fiscal policies. Chile faces the essential task of returning to sustained economic …