This note describes and analyses Chile's economic integration into the global trading system, including the impact on goods, services, capital and labour. This was a gradual process starting in the mid-1970s. Currently Chile is a very open economy, even though immigration is a relatively new...

We analyse the evolution of inflation in Chile over the last decade and a half through the lenses of the new keynesian theory. We do this first by reviewing the evidence relating to the main channels put forward by this framework: the output gap, inflation expectations, indexation to past...

The paper reviews the impact of Chile's reserves policies and intervention on the country since it moved into a free floating scheme in 2001. During this period, there have been just a few interventions, with all but one focusing on building up reserves, characterized by preannounced targets,...