For the past two decades, Chile has consistently pursued a course of macroeconomic stabilization and deep economic reform. But in recent years, real exchange rate appreciation and persistent moderate inflation have become key concerns for Chilean policymakers, suggesting the need for further fiscal and monetary retrenchment. Using an open-economy, dynamic rational-expectations macroeconomic model applied to Chile, the authors analyze and quantify...
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INFORMATION
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1995/06/30
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Document de travail de recherche sur les politiques
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WPS1472
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1
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1
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2010/07/01
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Fiscal and monetary contraction in Chile : a rational-expectations approach
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real exchange rate
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