<link rel="stylesheet" href="styles.f3b1fba60ec7970c.css">
Repositorio Digital

Chile’s fiscal rule as social insurance

Vista sencilla de ítem
dc.contributor.authorEngel, Eduardo
dc.contributor.authorNeilson M., Christopher
dc.contributor.authorValdés, Rodrigo
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:05:48Z
dc.date.available2026-10-15T08:00:50Z
dc.date.issued2013
dc.descriptionWell before the Great Recession of 2009 put fiscal policy debates in the front burner commodity-exporting countries had to deal with important fiscal policy dilemmas stemming from revenue volatility and eventual depletion. Chilean policymakers have been at the forefront in this area since adopting a fiscal rule to guide government spending decisions a decade ago. This so-called structural balance rule (SBR) incorporates fluctuations in copper prices—the main source of volatility in fiscal revenues—and was instrumental in saving a large part of the windfall during the commodity boom of 2005–08. When the country went into recession in 2009 however the rule was essentially abandoned as authorities implemented a fiscal expansion beyond that suggested by the SBR.
dc.file.nameBCCh-sbc-v17-p393_425
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 393-425
dc.identifier.isbn978-956-7421-37-4
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3791
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 17
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA FISCALes_ES
dc.subjectCRISIS ECONÓMICA 2008es_ES
dc.subjectPRODUCTOS BÁSICOSes_ES
dc.titleChile’s fiscal rule as social insurance
dc.type.docArtículo

Archivos

Bloque original

Mostrando 1 - 1 de 1
Miniatura
Nombre:
BCCh-sbc-v17-p393_425.pdf
Tamaño:
487,49 KB
Formato:
Adobe Portable Document Format
Descripción:
Descargar

Colecciones

Serie Banca Central, análisis y políticas económicas (capítulos)