Macroeconomic achievements in the democratic transition in Chile

  • Ricardo Ffrench-Davis
Part of the St Antony’s Series book series (STANTS)


Chile has become the most dynamic economy of Latin America in the 1990s. Key macroeconomic indicators show a remarkable improvement, while the accelerated growth of GDP has paralleled an increase in savings and investment ratios, a reduction in inflation and the rate of unemployment, and a strengthening of the external position, thus diminishing the vulnerability of the economy in the event of external shocks, which in the past have been a principal source of macroeconomic instability.


Interest Rate Monetary Policy Real Exchange Rate Real Wage Real Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Ricardo Ffrench-Davis 2000

Authors and Affiliations

  • Ricardo Ffrench-Davis
    • 1
    • 2
  1. 1.ECLACSantiagoChile
  2. 2.University of ChileSantiagoChile

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