01804cas a2200241 a 4500 AALejournalIMF016488 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513537634 1018-5941 BD-DhAAL BD-DhAAL Santoro, Marika. Long-term Gain, Short-Term Pain : Assessing the Potential Impact of Structural Reforms in Chile / Marika Santoro. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (35 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 In this paper, I study the potential economic impact of the 2015-18 structural reform agenda in Chile, using the IMF dynamic general equilibrium model (GIMF). I find that the agenda has the potential to significantly increase Chile's long-run GDP, although it may have some negative effects in the short term. Ensuring a smooth transition to a higher productive potential depends on three key dimensions: the credibility of the reforms, their effectiveness in closing structural gaps, and their speed of implementation. Badly designed reforms that remove only a very small fraction of the existing structural gaps, at a slow speed, and with little credibility, can greatly reduce the positive impact of the reform agenda on GDP. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2015/282 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/282/001.2015.issue-282-en.xml IMF e-Library