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Monetary Policy, Inflation and Economic Activity. The Case of Chile

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Abstract

The monetary policy framework being used in Chile has permitted the country to attain and maintain a low and predictable inflation, improve its capacity to accommodate external shocks, and contribute to the creation of a macro environment that is favorable to economic growth. This policy framework, combined with a market-oriented economy and the improved external conditions, permitted a growth rate of 6.1% in 2004, as well as positive prospects for coming years, while significantly reducing output variability.

참고문헌 (7)

  1. "Monetary Policy Report" (2005)
  2. "Exchange Rate Regimes in the Americas : Is Dollarization the Solution" (2002)
  3. "Inflation Targeting in Latin America", pp.19~78 (2003)
  4. "A Statistical Relation between Unemployment and Price Changes Journal of Political Economy", pp.785 496~92 502
  5. "The Role of Monetary Policy", pp.1~17 (1968)
  6. "Journal of Political Economy" (1968)
  7. "The Relation between Unemployment and the Rate of Change of Money Wages in the United Kingdom", eco(mica), pp.283~99

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