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Structural Balance Policy in Chile

Author

Listed:
  • Jorge C. Rodriguez

    (Ministry of Finance, Chile)

  • Carla R. Tokman

    (Ministry of Finance, Chile)

  • Alejandra C. Vega

    (Ministry of Finance, Chile)

Abstract

Since 2001, Chile’s fiscal policy has been built on the concept of a central government structural balance. The Fiscal Responsibility Law, approved in 2006, gave legal force to key aspects of the structural surplus and fiscal policy. This article assesses the results of the structural surplus rule in Chile over the past six years.

Suggested Citation

  • Jorge C. Rodriguez & Carla R. Tokman & Alejandra C. Vega, 2007. "Structural Balance Policy in Chile," OECD Journal on Budgeting, OECD Publishing, vol. 7(2), pages 59-92.
    • Handle: RePEc:oec:govkaa:5l4fghlg64br
    DOI: 10.1787/budget-v7-art9-en
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    Cited by:

    1. Jane Korinek, 2015. "Managing the Minerals Sector: Implications for Trade from Peru and Colombia," OECD Trade Policy Papers 186, OECD Publishing.
    2. 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," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 25(2), pages 309-336.
    3. Jeffrey Frankel, 2013. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Jordi Galí (ed.),Fiscal Policy and Macroeconomic Performance, edition 1, volume 17, chapter 9, pages 323-391, Central Bank of Chile.
    4. Arezki, Rabah & Hadri, Kaddour & Loungani, Prakash & Rao, Yao, 2014. "Testing the Prebisch–Singer hypothesis since 1650: Evidence from panel techniques that allow for multiple breaks," Journal of International Money and Finance, Elsevier, vol. 42(C), pages 208-223.

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