A solution to fiscal procyclicality: the structural budget institutions pioneered by Chile

dc.contributor.author	Frankel, Jeffrey A.
dc.coverage.spatial	CHILE	es_ES
dc.date.accessioned	2019-11-01T00:05:50Z
dc.date.available	2019-11-01T00:05:50Z
dc.date.issued	2013
dc.description	In June 2008 the President of Chile Michelle Bachelet had a low approval rating for management of the economy in particular. There were undoubtedly multiple reasons for this but a major reason was popular resentment that the government had resisted intense pressure to spend soaring receipts from copper exports. Copper is Chile’s biggest export and Chile is the world’s biggest copper exporter. The world price of copper was at $800 per metric ton in 2008 a historical high in nominal terms and more than quadruple the level of 2001. Yet the government insisted on saving most of the proceeds.
dc.file.name	BCCh-sbc-v17-p323_391
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 323-391
dc.identifier.isbn	978-956-7421-37-4
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3790
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 17
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	POLÍTICA FISCAL	es_ES
dc.subject	GASTOS PÚBLICOS	es_ES
dc.title	A solution to fiscal procyclicality: the structural budget institutions pioneered by Chile
dc.type.doc	Artículo

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