Chile's Structural Fiscal Surplus Rule : A Model-Based Evaluation

A Model-Based Evaluation

Chile's Structural Fiscal Surplus Rule : A Model-Based Evaluation
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 current fiscal rule performs well if the policymaker puts a... READ MORE...

Publication date: April 2009
ISBN 9781451872354
$18.00

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