01597cas a2200241 a 4500 AALejournalIMF005257 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451807677 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Chile : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (25 pages) IMF Staff Country Reports <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 This Selected Issues paper examines the acceleration of inflation over the past year in Chile, identifying domestic shocks to food and energy prices as main drivers. The paper uses the Jeanne-Ranciere model to calculate Chile's optimal ratio of international reserves to GDP. It analyzes the stabilization properties of Chile's macroeconomic framework and compares it with alternative policy rules. The paper concludes that Chile's framework based on an explicit inflation target, a floating exchange rate, and a structural fiscal surplus rule is superior to other arrangements. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/239 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/239/002.2008.issue-239-en.xml IMF e-Library