We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find that...

This 2022 Article IV Consultation with Chile discusses that after an impressive recovery from the coronavirus disease 2019 pandemic, the Chilean economy is undergoing a necessary transition toward sustainable growth amid a challenging external environment. Policy implementation remains very...

In this book, Sebastian Edwards tells the remarkable story of how the neoliberal economic model – installed in Chile during the Pinochet dictatorship and deepened during three decades of left-of-center governments – came to an end in 2021, when Gabriel Boric, a young former student activist,...

This paper highlights Chile's Review under the Flexible Credit Line (FCL) Arrangement. Chile continues to qualify for the FCL by virtue of its very strong economic fundamentals and institutional policy frameworks, and sustained record of accomplishment of very strong macroeconomic policies. In...