Chile: Selected Issues
Electronic Access:
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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. 2013/199
Subject:
Credit Exchange rates Financial crises Foreign exchange Labor Metal prices Money Prices
English
Publication Date:
July 8, 2013
ISBN/ISSN:
9781484316481/1934-7685
Stock No:
1CHLEA2013002
Pages:
54
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