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Balance Estructural del Gobierno Central. Metodología y Estimaciones para Chile

Marcel, Mario (2001): Balance Estructural del Gobierno Central. Metodología y Estimaciones para Chile. Published in:

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Abstract

In 2001, Chile was one of the first countries in the world to adopt a structural balance fiscal rule. This paper provides the foundations of the choice of the rule, its methodological design and its initial estimates for the period 1987-2000. The paper also includes a discussion about the use of the structural budget balance for the ex-ante analysis of fiscal policy as compared to the formulation of fiscal policy.

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