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|z 9781513537634
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|a 1018-5941
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|a Santoro, Marika.
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|a Long-term Gain, Short-Term Pain :
|b Assessing the Potential Impact of Structural Reforms in Chile /
|c Marika Santoro.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (35 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In this paper, I study the potential economic impact of the 2015-18 structural reform agenda in Chile, using the IMF dynamic general equilibrium model (GIMF). I find that the agenda has the potential to significantly increase Chile's long-run GDP, although it may have some negative effects in the short term. Ensuring a smooth transition to a higher productive potential depends on three key dimensions: the credibility of the reforms, their effectiveness in closing structural gaps, and their speed of implementation. Badly designed reforms that remove only a very small fraction of the existing structural gaps, at a slow speed, and with little credibility, can greatly reduce the positive impact of the reform agenda on GDP.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2015/282
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/282/001.2015.issue-282-en.xml
|z IMF e-Library
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