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-Ranciere model to calculate Chile's optimal ratio of international reserves to GDP. It analyzes the sta...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Serija: | IMF Staff Country Reports; Country Report ;
No. 2008/239 |
| Online pristup: | Full text available on IMF |
| Sažetak: | 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-Ranciere 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. |
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| Opis djela: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Opis: | 1 online resource (25 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Pristup: | Electronic access restricted to authorized BRAC University faculty, staff and students |