A Macroeconomics-for-Growth in the Democratic Transition in Chile
Chile became one of the most dynamic emerging economies (EEs) in the 1990s. Key macroeconomic indicators show a remarkable accelerated growth of GDP, an increase in savings and investment ratios, a sustained reduction in inflation, unemployment and poverty, and a strengthening of the external position, thus diminishing the vulnerability of the economy to external shocks. In the past, these shocks have been a principal source of macroeconomic instability, particularly in 1975 and 1982.
KeywordsExchange Rate Monetary Policy Real Exchange Rate Pension Fund Capital Inflow
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