Chile: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/291, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that over the past two decades, Chile has adhered to a sound and consistent policy framework. During 2000–03, the actual overall balance of the central government registered a deficit of just below 1 percent of GDP. Since the beginning of 2004, economic activity has picked up, in the context of a favorable external environment. The global economic recovery has helped boost export demand, particularly copper, the price of which has nearly doubled since end-2002.

Keywords: ISCR; CR; central bank; fiscal policy; monetary policy; price; debt management strategy; target band; countercyclical monetary policy; II initiative; inflation target range; leadership role; Exports; Fiscal stance; Inflation; Global (search for similar items in EconPapers)
Pages: 58
Date: 2004-09-13
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