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El cobre y la estrategia fiscal óptima para Chile

Author

Listed:
  • Alejandro Drexler

  • Eduardo Engel

  • Rodrigo Valdés

Abstract

Este trabajo analiza la estrategia fiscal óptima para Chile, determinando el gasto total y fiscal de la economía, así como de la carga tributaria considerando (i) el problema de distribución intergeneracional de los recursos asociados al cobre; (ii) que los ingresos del cobre son volátiles, transitorios y afectan al resto de la economía; y (iii) que el ingreso total y tributario aumenta en el tiempo. Se considera tres modelos, teoría del ingreso del cobre permanente, teoría del ingreso fiscal permanente y el modelo normativo condicional (MNC) propuesto en Engel y Valdés (2000); cada uno de ellos en versiones sin y con ahorro por precaución. Aun cuando el enfoque del trabajo es normativo, cabe notar que el modelo que entrega prescripciones más cercanas a lo que observamos en la realidad es el MNC con ahorro por precaución.

Suggested Citation

  • Alejandro Drexler & Eduardo Engel & Rodrigo Valdés, 2001. "El cobre y la estrategia fiscal óptima para Chile," Documentos de Trabajo 101, Centro de Economía Aplicada, Universidad de Chile.
    • Handle: RePEc:edj:ceauch:101
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    File URL: http://www.cea-uchile.cl/wp-content/uploads/doctrab/ASOCFILE120030404122151.pdf
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    Cited by:

    1. Juan Pablo Medina & Claudio Soto, 2007. "Copper Price, Fiscal Policu and Business Cycle in Chile," Working Papers Central Bank of Chile 458, Central Bank of Chile.
    2. Eduardo Engel & Rodrigo Valdés, 2001. "Prediciendo el precio del cobre: ¿Más allá del camino aleatorio?," Documentos de Trabajo 100, Centro de Economía Aplicada, Universidad de Chile.
    3. Medina, Juan Pablo & Soto, Claudio, 2016. "Commodity prices and fiscal policy in a commodity exporting economy," Economic Modelling, Elsevier, vol. 59(C), pages 335-351.

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