European Parliament Library

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 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
Table Of Contents
Cover; Contents; Executive Summary; Technical Notes; I. Supply Shocks, Inflation, and Expectations; II. What is the Optimal Level of International Reserves for Chile?; Summaries of Analytical Papers; III. An Evaluation of the Welfare Implications of Chile's Macroeconomic Framework; IV. How do Changes in Global Liquidity Affect Chile?; Background Work; V. Sovereign Wealth Funds: An International Perspective; A. Domestic Background; B. International Practices; C. Rules and Institutionality: How does Chile Compare?; D. Outlook; VI. Deepening Chile's Capital Markets Through Global Integration
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (27 p.)
Specific Material Designation
Form Of Item

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