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Microeconomic flexibility in Latin America
Latin American economies have begun to leave behind some of the most primitive sources of macroeconomic fluctuations. Policy concern is gradually shifting toward increasing microeconomic flexibility. This is a welcome trend since microeconomic flexibility, which facilitates the ongoing process of ...
Chile’s fiscal rule as social insurance
Well before the Great Recession of 2009 put fiscal policy debates in the front burner commodity-exporting countries had to deal with important fiscal policy dilemmas stemming from revenue volatility and eventual depletion. Chilean policymakers have been at the forefront in this area since adopting a ...
El cobre y estrategia fiscal óptima para Chile
El diseño de la política fiscal de un país como Chile, en que el Estado es dueño de un recurso no renovable que aporta medios significativos al financiamiento del gasto gubernamental, puede ser considerablemente más complejo que el de un país en que el aparato fiscal sólo cobra impuestos como forma ...