Chile: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2002/155, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that Chile’s economic fundamentals remain sound and have improved through the evolution of the policy regime in recent years. Yet the country is operating in a difficult environment for several years, now coping with a sequence of negative shocks. Real GDP grew by 2.8 percent in 2001, as weakening domestic demand was offset by a strong expansion of net export volumes. With a substantial decline in Chile’s terms of trade, however, the external current account deficit has widened moderately, to about 2 percent of GDP.

Keywords: ISCR; CR; exchange rate; rate pass-through; exchange market intervention; interest rate; regime; policy council; policy horizon; policy development; Metal prices; Exchange rates; Exports; Global (search for similar items in EconPapers)
Pages: 59
Date: 2002-07-31
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