Chile: Recent Economic Developments

International Monetary Fund

No 1995/102, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Chile during 1990–95. In part, as a result of the tight monetary policy introduced in early 1992, real GDP growth declined from 11 percent in 1992 to 6 percent in 1993 and further to about 4 percent in 1994. The monetary stance was gradually eased starting in October 1994, and output growth rebounded to 6.6 percent in the first quarter of 1995 compared with the same period of the previous year. Nevertheless, the 12-month rate of inflation fell to 7.9 percent in July 1995.

Keywords: ISCR; CR; central bank; Chile; bank; inflation; Chilean peso; central bank bank paper; stock transaction; inflation objective; subordinated debt; central bank purchase; monetary aggregate; Stock markets; Capital account; Stocks; Capital inflows; Global (search for similar items in EconPapers)
Pages: 149
Date: 1995-10-23
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