Show simple item record

dc.contributor.authorVillena, Mauricio G.
dc.contributor.authorGamboni, Cristóbal
dc.contributor.authorTomaselli, Andrés
dc.date.accessioned2018-08-15T18:04:57Z
dc.date.available2018-08-15T18:04:57Z
dc.date.issued2018-04
dc.identifier.urihttps://hdl.handle.net/11362/43959
dc.description.abstractThis paper sets forth a framework for analysing fiscal sustainability in the Chilean economy. It starts by making an ex post calculation of indicators of vulnerability and fiscal sustainability, based on the estimation of a sustainable debt level, with public finances considered in stationary state. It then develops an ad hoc dynamic fiscal sustainability model for Chile’s public finances, which for the first time incorporates the dynamic of the Pension Reserve Fund (FRP) with its accumulation and disbursement rules, together with the cyclically adjusted balance policy. Lastly, the study simulates the path of the budgetary central government’s net debt up to 2025, using the projections made in the 2018 Public Finance Report, under a macroeconomic trend scenario and another adverse scenario, all framed by the cyclically adjusted balance rule.
dc.format.pdf
dc.language.isoen
dc.relation.ispartofCEPAL Review
dc.relation.ispartofseriesCEPAL Review
dc.titleFiscal sustainability and the cyclically adjusted balance policy: methodology and analysis for Chile
dc.typeTexto
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescriptionp. 203-232; grafs., tabls.
dc.jobnumberRVI124_Villena
dc.callnumberLC/PUB.2018/5-P
dc.identifier.unsymbolLC/PUB.2018/5-P
dc.relation.ispartofno124
dc.translation.recordLa sostenibilidad fiscal y la política de balance cíclicamente ajustado: metodología y análisis para Chile
dc.subject.spanishADMINISTRACION FISCAL
dc.subject.spanishPOLITICA FISCAL
dc.subject.spanishHACIENDA PUBLICA
dc.subject.spanishMACROECONOMIA
dc.subject.spanishDEUDA PUBLICA
dc.subject.spanishINDICADORES ECONOMICOS
dc.subject.spanishTENDENCIAS ECONOMICAS
dc.subject.englishTAX ADMINISTRATION
dc.subject.englishFISCAL POLICY
dc.subject.englishPUBLIC FINANCE
dc.subject.englishMACROECONOMICS
dc.subject.englishPUBLIC DEBT
dc.subject.englishECONOMIC INDICATORS
dc.subject.englishECONOMIC TRENDS
dc.coverage.spatialspaCHILE
dc.coverage.spatialengCHILE
dc.type.biblevelSección o Parte de un Documento
dc.doctypeRevistas
dc.sdg17
dc.topic.spanishASUNTOS FISCALES
dc.topic.spanishINGRESOS Y GASTOS PÚBLICOS
dc.topic.spanishMACROECONOMÍA
dc.topic.englishFISCAL AFFAIRS
dc.topic.englishMACROECONOMICS
dc.topic.englishPUBLIC INCOME AND EXPENDITURE
dc.jelcodeE62
dc.jelcodeH6
dc.jelcodeO23
dc.jelcodeO11
dc.identifier.articleno10
dc.translation.urihttps://hdl.handle.net/11362/43469
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.englishECONOMIC DEVELOPMENT
dc.translation.languagees


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record