Chile : Selected Issues

Publication Date: July 08, 2013
Electronic Access: Free Full text (PDF file size is 2,300KB).
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Summary: This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure decision helped support the recovery. In Chile, the growth generated by this improvement, was sufficient to overcome the relatively weak performance of efficiency (TFP). Chile’s recovery has been characterized by strong investment growth, 0.8 percentage points higher than the precrisis trend. The establishment of the Financial Stability Council in 2011 is an important step to ensure close coordination among the institutions involved in Chile’s financial prudential framework.
Series: Country Report No. 13/199
Subject(s): Economic recovery | Business cycles | Accounting | Exchange rates | Banking sector | Banking crisis | Brazil | Selected issues | Chile

Publication Date: July 08, 2013
ISBN/ISSN: 9781484316481/1934-7685 Format: Paper
Stock No: 1CHLEA2013002 Pages: 54
US$18.00 (Academic Rate:
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