Chile: Selected Issues
This paper presents four studies on selected issues of the Chilean economy. The new framework for fiscal policy represented by the authorities' target of a central government structural surplus of 1 percent of GDP is also discussed. This study examines whether the variance of the cyclical component of output in Chile and 11 other countries increased during the 1990s, a period during which the variance of inflation declined. The alternative measures of potential output for Chile are also estimated.
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Volume/Issue:
Volume 2001
Issue 120
Publication date: July 2001
ISBN: 9781451807585
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Topics covered in this book
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Business and Economics , Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , unemployment persistence , production function , production function approach , output variance , inflation variance , Chilean authorities , Fiscal stance , Unemployment , Labor markets , Employment , Metal prices , Australia and New Zealand , Asia and Pacific
Summary
This paper presents four studies on selected issues of the Chilean economy. The new framework for fiscal policy represented by the authorities' target of a central government structural surplus of 1 percent of GDP is also discussed. This study examines whether the variance of the cyclical component of output in Chile and 11 other countries increased during the 1990s, a period during which the variance of inflation declined. The alternative measures of potential output for Chile are also estimated.
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