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Macroeconomics and DevelopmentRoberto Frenkel and the Economics of Latin America$
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Mario Damill, Martín Rapetti, and Guillermo Rozenwurcel

Print publication date: 2016

Print ISBN-13: 9780231175081

Published to Columbia Scholarship Online: September 2016

DOI: 10.7312/columbia/9780231175081.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 02 July 2022

The Chilean Economy Since the Global Crisis

The Chilean Economy Since the Global Crisis

(p.111) Chapter 6 The Chilean Economy Since the Global Crisis
Macroeconomics and Development

Ricardo Ffrench-Davis

Rodrigo Heresi

Columbia University Press

economic policy responses and the effects of counter-cyclical policies in Chile since the 2008-09 crisis until 2012 are the subject of this chapter. The author argues that macroeconomic vulnerability to external fluctuations has made Chile’s fiscal and external balances dangerously dependent on high copper prices, and inflation targeting too much dependent on a volatile and appreciated exchange rate.

Keywords:   macroeconomic vulnerability, copper prices, exchange rate appretiation, equitable growth, financierism, inflation targeting, Chilean economy

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