Chile Fiscal Policy Management
DOI:
https://doi.org/10.2478/cer-2013-0011Abstract
A budget surplus arises in a country when the total revenue earnings surpass expenditures in a particular financial year. Having a budget surplus is very important in the sense that it brings about a decrease in the net public debt, while the public debt is increased in the event of a budget deficit. Both budget deficits and budget surpluses also exert indirect influences on taxpayers. Normally, it is not essential on the part of the government to maintain a budget surplus, though it needs to be very careful when running a budget deficit to have the proper buffer.
Downloads
References
Arellano J. (2005), Del déficit al superávit estructural: Razones para una transformación estructural en Chile,. ʻSerie Estudiosʼ Nº 25, Cieplan
Andre J. P. (June 2011) Economic imbalance: New Zealand structural change. New Zealand Treasury. Working Paper 11/03
Engel E., Neilson C. and Valdés R. (2011) Chile’s Fiscal Rule as Social Insurance. Central Bank. Working Paper 627
Engel E., Marcel M. and Meller P. (May 2007) “Meta superávit estructural: Elementos para su análisis”. Available from: http://www.dipres.gob.cl
Eggertsson G. (2011) Fiscal multipliers and policy coordination. Central Bank of Chile. Working Paper 628
Frenkel J. (2011) “Una solución a la prociclicidad de la Política fiscal: Chile, pionero en instituciones presupuestarias estructurales”. Cuadernos de Economía, Vol 14 Nº 2
Gordon R. (1981) Macroeconomics. 2nd Edition. Boston; Little, Brown and Company
International Monetary Fund (2009) Fiscal rules – Anchoring Expectations for Sustainable Public Finance. Discussion Paper, December 19th
Kumhof M. and Laxton D (2010) Un modelo para evaluar la regla de superávit fiscal estructural de Chile. ʻCuadernos de Economíaʼ, Vol 13 Nº 3
Larrain F., Costa R., Cerda R., Villena M. and Tomaselli A. (2011) Una política fiscal de balance estructural de segunda generación para Chile. ʻEstudios de Finanzas Públicasʼ, pp. 1-78
Larrain F. and Parro F. (2006), Chile menos volátil, Instituto de Economía, Universidad Católica
Larrañaga O. and Marshall J. (1992) “Shocks externos y política fiscal”. Cuadernos de Economía, Nº 86, pp. 115-140
Lozano I., Rincón H., Ramos J. and Sarmiento M. (2008), Regla fiscal cuantitativa para consolidar y blindar las finanzas publicas de Colombia. ʻRevista de Economía Internacionalʼ, Vol 10, Nº19, pp. 311-352
Marcel M., Tokman M., Valdés R. and Benavides P. (2001) Balance estructural: La base de la nueva política fiscal chilena. ʻCuadernos de Economíaʼ, Vol 4, Nº 3
Paste R. and Cover J. (2010) The political economy of unsustainable fiscal deficit. Cuadernos de Economía, Vol 47, pp. 169-189
Rodríguez J., Tokman V. and Vega A. (2006) Structural balance policy in Chile. Budget Office, Government of Chile. Studies in Public Finance, pp. 1-44
Schmidt-Hebbel K. (2012) Fiscal institutions in resources-rich economies: lesson from Chile and Norway. Instituto de Economía, Universidad Católica. Working Paper 416
Strawczynski M. and Zeira J. (2011) Procyclicality of fiscal policy in emerging countries: the cycle is the trend. Central Bank of Chile. Working paper 624
Vergara R. (2002), Política y sostenibilidad fiscal en Chile. Estudios Públicos Nº 88
Voth J. (2011) Tightening tensions: fiscal policy and civil unrest in eleven South American countries, 1937-1995. Central Bank of Chile. Working Paper 612
Vial J. (2001) Institucionalidad y desempeño económico: Una Mirada a la experiencia de Chile en los 90. ʻSerie Estudiosʼ Nº 5, Cieplan
Velasco A., Arenas, Rodriguez J., Jorrat M. and Gamboni G. (2010), El enfoque de balance estructural en la política fiscal en Chile: resultados, metodologías y aplicación al período 2006-2009. Dirección de Presupuestos. Estudios de Finanzas Públicas Nº 15
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
How to Cite
