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Balance Estructural del Gobierno Central. Metodología y Estimaciones para Chile
[Structural Bazlance of Central Government. Methodology and estimates for Chile]

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  • Marcel, Mario

Abstract

In 2001, Chile was one of the first countries in the world to adopt a structural balance fiscal rule. This paper provides the foundations of the choice of the rule, its methodological design and its initial estimates for the period 1987-2000. The paper also includes a discussion about the use of the structural budget balance for the ex-ante analysis of fiscal policy as compared to the formulation of fiscal policy.

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File URL: http://mpra.ub.uni-muenchen.de/43338/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43338.

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Date of creation: Sep 2001
Date of revision:
Handle: RePEc:pra:mprapa:43338

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Related research

Keywords: fiscal policy; structural balance; automatic stabilizers; fiscal indicators;

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References

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  1. Jocelyn Horne, 1991. "Indicators of Fiscal Sustainability," IMF Working Papers 91/5, International Monetary Fund.
  2. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  3. Patrice Muller & Robert W.R. Price, 1984. "Structural Budget Deficits and Fiscal Stance," OECD Economics Department Working Papers 15, OECD Publishing.
  4. David J. Ott & Attiat F. Ott, 1965. "Budget Balance And Equilibrium Income," Journal of Finance, American Finance Association, vol. 20(1), pages 71-77, 03.
  5. Claude Giorno & Pete Richardson & Deborah Roseveare & Paul van den Noord, 1995. "Estimating Potential Output, Output Gaps and Structural Budget Balances," OECD Economics Department Working Papers 152, OECD Publishing.
  6. Robert P. Hagemann, 1999. "The Structural Budget Balance," IMF Working Papers 99/95, International Monetary Fund.
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Citations

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Cited by:
  1. Rodrigo Cerda & Rodrigo Vergara, 2005. "Unemployment Insurance in Chile: Does it Stabilize the Business Cycle?," Documentos de Trabajo 302, Instituto de Economia. Pontificia Universidad Católica de Chile..
  2. Klaus Schmidt-Hebbel, 2012. "Fiscal Policy for Commodity Exporting Countries: Chile's Experience," Documentos de Trabajo 415, Instituto de Economia. Pontificia Universidad Católica de Chile..
  3. Joaquín Vial & Cristobal Aninat & John Landregan & Patricio Navia, 2006. "Instituciones políticas, procesos de diseño de políticas y resultados de las políticas en Chile," Research Department Publications 3223, Inter-American Development Bank, Research Department.
  4. Juan Carlos Chávez Martín del Campo & Ricardo Rodríguez Vargas & Felipe de Jesús Fonseca Hernández, 2010. "Vacas gordas y vacas flacas: La Política Fiscal y el Balance Estructural en México, 1990-2009," Department of Economics and Finance Working Papers EC201004, Universidad de Guanajuato, Department of Economics and Finance.
  5. World Bank, 2004. "Grenada, OECS Fiscal Issues : Policies to Achieve Fiscal Sustainability and Improve Efficiency and Equity of Public Expenditures," World Bank Other Operational Studies 13939, The World Bank.
  6. Vittorio Corbo & José A. Tessada, 2003. "Growth and Adjustment in Chile: a Look at the 1990s," Working Papers Central Bank of Chile 204, Central Bank of Chile.
  7. Joaquín Vial & Cristobal Aninat & John Landregan & Patricio Navia, 2006. "Political Institutions, Policymaking Processes and Policy Outcomes in Chile," Research Department Publications 3222, Inter-American Development Bank, Research Department.
  8. Jeromin Zettelmeyer & Ivanna Vladkova Hollar, 2008. "Fiscal Positions in Latin America," IMF Working Papers 08/137, International Monetary Fund.
  9. Klaus Schmidt-Hebbel, 2012. "Fiscal Institutions in Resource-Rich Economies: Lessons from Chile and Norway," Documentos de Trabajo 416, Instituto de Economia. Pontificia Universidad Católica de Chile..

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