Chile's Structural Fiscal Surplus Rule.

The paper analyzes Chile's structural balance fiscal rule in the face of copper price shocks originating in foreign copper demand. It uses a version of the IMF's Global Integrated Monetary and Fiscal Model (GIMF) that includes a copper sector. Two results are obtained. First, Chile's...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Kumhof, Michael
Otros Autores: Laxton, Douglas
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Fiscal policy > Chile.
Finance, Public > Chile.
Politique fiscale > Chili.
Finances publiques > Chili.
Finance, Public
Fiscal policy
Chile
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; Figures; 1. Goods and Factor Flows in GIMF; A. Overlapping Generations Households; B. Liquidity Constrained Households; C. Manufacturers; D. Copper Producers; E. Unions; F. Import Agents; G. Distributors; H. Retailers; I. Government; J. Equilibrium and Balance of Payments; III. Calibration; IV. Choice of Countercyclical Coefficients; Tables; 1. Fiscal Policy Rules and Macroeconomic Volatility; 2. Policy Efficiency Frontiers; V. Choice of Surplus Target; 3. SFS Rule
  • Survey; 4. SFS Rule
  • Fiscal Accounts; 5. Balanced Budget Rule
  • Survey.
  • 6. Balanced Budget Rule
  • Fiscal Accounts7. Aggressive Countercyclical Rule
  • Survey; 8. Aggressive Countercyclical Rule
  • Fiscal Accounts; 9. Surplus Target Shock
  • Survey; 10. Surplus Target Shock
  • Fiscal; VI. Summary; References; Appendices; 1. Population Growth; 2. Optimality Conditions for OLG Households; 3. Consumption and Wealth; 4. Optimality for Manufacturing Firms.

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