Copper and the Chilean Economy, 1960-1998:
The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence long-term growth of the Chilean economy. While many mechanisms may be at work, investment seems to play a major role. In a copper price boom, the higher copper price and associated c...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/57 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence long-term growth of the Chilean economy. While many mechanisms may be at work, investment seems to play a major role. In a copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate. The appreciation of the Chilean peso during the first part of the copper cycle contributes to lower inflation, which could partly explain why real wages grow more rapidly in this part of the cycle |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 1451847750 9781451847758 |
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spelling | Spilimbergo, Antonio Verfasser aut Copper and the Chilean Economy, 1960-1998 Spilimbergo, Antonio Washington, D.C International Monetary Fund 1999 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/57 The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence long-term growth of the Chilean economy. While many mechanisms may be at work, investment seems to play a major role. In a copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate. The appreciation of the Chilean peso during the first part of the copper cycle contributes to lower inflation, which could partly explain why real wages grow more rapidly in this part of the cycle Online-Ausg http://elibrary.imf.org/view/IMF001/01375-9781451847758/01375-9781451847758/01375-9781451847758.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Spilimbergo, Antonio Copper and the Chilean Economy, 1960-1998 |
title | Copper and the Chilean Economy, 1960-1998 |
title_auth | Copper and the Chilean Economy, 1960-1998 |
title_exact_search | Copper and the Chilean Economy, 1960-1998 |
title_exact_search_txtP | Copper and the Chilean Economy, 1960-1998 |
title_full | Copper and the Chilean Economy, 1960-1998 Spilimbergo, Antonio |
title_fullStr | Copper and the Chilean Economy, 1960-1998 Spilimbergo, Antonio |
title_full_unstemmed | Copper and the Chilean Economy, 1960-1998 Spilimbergo, Antonio |
title_short | Copper and the Chilean Economy, 1960-1998 |
title_sort | copper and the chilean economy 1960 1998 |
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