01590cas a2200241 a 4500 AALejournalIMF000868 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847758 1018-5941 BD-DhAAL BD-DhAAL Spilimbergo, Antonio. Copper and the Chilean Economy, 1960-98 / Antonio Spilimbergo. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/057/001.1999.issue-057-en.xml IMF e-Library