Chile: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 291
Publication date: September 2004
ISBN: 9781451807578
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Finance , Inflation , Economics- Macroeconomics , Public Finance , 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
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Summary
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.
