The copper sector, fiscal rules, and stabilization funds in Chile: Scope and limits

Andrés Solimano and Diego Calderón Guajardo

No wp-2017-53, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Historically, Chile has been an economy dominated by mineral and agro-industrial products and subject to frequent external shocks particularly in copper prices. Since the 1980s, the authorities have developed various mechanisms to cope with these shocks and dampen their effects on the domestic business cycle. These mechanisms include a fiscal rule, an economic and social stabilization fund, a pension reserve fund, and a (informal) 'defence fund'.

Keywords: Fiscal policy; Natural resources; Sovereign wealth funds; Commodity shocks; Wealth (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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