Chile: Selected Issues Paper

September 29, 2010

Preview Citation

Format: Chicago

Chile: Selected Issues Paper, (USA: International Monetary Fund, 2010) accessed November 24, 2024

Summary

The cornerstone of Chile’s impressive fiscal performance and strong fiscal system has been its structural balance rule. It has helped to insulate public spending from copper price cycles and improve the government’s net financial position. Chile should adopt a full-fledged medium-term fiscal framework to improve fiscal planning and provide a framework for addressing temporary deviations from the fiscal rule. Publishing additional fiscal indicators in the budget, such as the non-copper structural balance, could provide more comprehensive information on the impact of fiscal policy on the domestic demand.

Subject: Banking, Expenditure, Fiscal policy, Fiscal rules, Fiscal stance, International trade, Metal prices, Prices, Terms of trade

Keywords: Capital loss, CR, Fiscal rules, Fiscal stance, Global, ISCR, Metal prices, Output gap, Output gap equation, Production function method, TCTF risk, TCTF vulnerability, Terms of trade, Wage gap

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/299
Stock No:

1CHLEA2010002
ISBN:

9781455208388
ISSN:

1934-7685

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