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Author
Fornero, Jorge (3)Céspedes, Luis Felipe (2)Galí, Jordi (2)Caputo, Rodrigo (1)Frankel, Jeffrey A. (1)... View More
Subject
GASTOS PÚBLICOS (6)
POLÍTICA FISCAL (4)INVERSIONES PÚBLICAS (2)MOVIMIENTOS DE PROTESTA (1)TIPO DE CAMBIO (1)... View More
Date Issued
2019 (1)2013 (4)2011 (1)
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Artículo (6)
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Multiplicadores fiscales en Chile 

Author
Fornero, Jorge; Guerra-Salas, Juan; Pérez N., Camilo
Date
Banco Central de Chile, 2019-04
Subject
GASTOS PÚBLICOS; INVERSIONES PÚBLICAS
En este trabajo se estima el efecto multiplicador del gasto total del gobierno central y tres de sus componentes: consumo de gobierno, transferencias e inversión pública. Encontramos que el multiplicador del gasto total está en torno a 1, el consumo de gobierno y la inversión pública tienen multiplicadores ...
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Tightening tensions: fiscal policy and civil unrest in South America 1937–95 

Author
Voth, Joachim
Date
Banco Central de Chile, 2013
Subject
POLÍTICA FISCAL; MOVIMIENTOS DE PROTESTA; GASTOS PÚBLICOS; INVERSIONES PÚBLICAS
On 1 May 2010 the Greek Prime Minister George Papandreau announced a set of drastic austerity measures. May Day itself saw clashes between police and demonstrators. On 5 May a general strike paralyzed the country armed demonstrators fought street battles with police. A bank burned down and numerous ...
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Government spending and the real exchange rate: a cross-country perspective 

Author
Caputo, Rodrigo; Fuentes D., Miguel
Date
Banco Central de Chile, 2013
Subject
TIPO DE CAMBIO; GASTOS PÚBLICOS
There is no consensus about the economic implications of real exchange rate (RER) misalignments. Some authors argue that keeping the real exchange rate away from its equilibrium level creates distortions in the relative prices of tradable and nontradable goods generating misleading signals to economic ...
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A solution to fiscal procyclicality: the structural budget institutions pioneered by Chile 

Author
Frankel, Jeffrey A.
Date
Banco Central de Chile, 2013
Subject
POLÍTICA FISCAL; GASTOS PÚBLICOS
In June 2008 the President of Chile Michelle Bachelet had a low approval rating for management of the economy in particular. There were undoubtedly multiple reasons for this but a major reason was popular resentment that the government had resisted intense pressure to spend soaring receipts from copper ...
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Non-ricardian aspects of fiscal policy in Chile 

Author
Céspedes, Luis Felipe; Fornero, Jorge; Galí, Jordi
Date
Banco Central de Chile, 2013
Subject
POLÍTICA FISCAL; GASTOS PÚBLICOS
In this paper we examine the effects of government spending shocks in the Chilean economy. The study of the effects of such shocks in an emerging market economy is of special interest because of the potential presence of non-Ricardian households that is households that do not own any assets or have ...
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Aspectos no ricardianos de la política fiscal en Chile 

Author
Céspedes, Luis Felipe; Fornero, Jorge; Galí, Jordi
Date
Banco Central de Chile, 2011-08
Subject
POLÍTICA FISCAL; GASTOS PÚBLICOS
Este artículo analiza los efectos no ricardianos de los shocks al gasto fiscal en Chile. Comenzamos presentando evidencia de tales efectos basados en vectores autorregresivos. Luego mostramos que dicha evidencia puede modelarse en un modelo que contemple: (i) una fracción considerable de hogares no ...
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