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Chile: Institutions and Policies Underpinning Stability and Growth

Author

Listed:
  • Mr. Eliot Kalter
  • Mr. Steven T Phillips
  • Mr. Manmohan Singh
  • Mr. Mauricio Villafuerte
  • Mr. Rodolfo Luzio
  • Marco A Espinosa-Vega

Abstract

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced financial liberalization with in a strengthened regulatory framework.Chile has succeeded in sustaining these policies-despite external and domestic forces to the contrary-because of carefully designed institutional arrangements that encourage policies oriented toward long-term success.

Suggested Citation

  • Mr. Eliot Kalter & Mr. Steven T Phillips & Mr. Manmohan Singh & Mr. Mauricio Villafuerte & Mr. Rodolfo Luzio & Marco A Espinosa-Vega, 2004. "Chile: Institutions and Policies Underpinning Stability and Growth," IMF Occasional Papers 2004/008, International Monetary Fund.
    • Handle: RePEc:imf:imfops:2004/008
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    Citations

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    Cited by:

    1. Mr. Anoop Singh & Mr. Martin D. Cerisola, 2006. "Sustaining Latin America's Resurgence: Some Historical Perspectives," IMF Working Papers 2006/252, International Monetary Fund.
    2. International Monetary Fund, 2005. "Chile: Selected Issues," IMF Staff Country Reports 2005/316, International Monetary Fund.
    3. Jean-Luc Hélis & Ms. Teresa Daban Sanchez, 2010. "A Public Financial Management Framework for Resources-Producing Countries," IMF Working Papers 2010/072, International Monetary Fund.
    4. repec:ilo:ilowps:456281 is not listed on IDEAS
    5. Muqtada, M., 2010. "The crisis of orthodox macroeconomic policy : the case for a renewed commitment to full employment," ILO Working Papers 994562813402676, International Labour Organization.

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