Fiscal policy and the economic cycle in Chile / Carlos Budnevich and Guillermo Le Fort V.

Format:

Book

Government document

Author/Creator:

Budnevich L., Carlos, author.

Contributor:

LeFort-Varela, Guillermo Raúl, 1954-

Language:

English

Subjects (All):

Economic and Social Development.

Chile.

Local Subjects:

Economic and Social Development.

Chile.

Physical Description:

1 online resource (13 pages)

Contained In:

CEPAL Review Vol. 1997, no. 61, p. 135-147 1997:61<135 16840348

Place of Publication:

New York : United Nations, 1997.

System Details:

data file

Summary:

This article studies the effect of the stabilization of fiscal expenditure and the anti-cyclical use of taxes as stabilization variables in the Chilean economy, through the calibration of a basic macro-economic model adapted to the actual conditions of that economy. The results show that some 25% of the variability of economic growth could be eliminated by obviating fiscal cyclical impulses through constant growth of public investment and consumption and through anti-cyclical taxes. On the one hand, it is proposed that a system of stabilization of the growth of fiscal expenditure should be established, through a system of rules and degrees of flexibility subject to specific clauses.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.