Pre-crisis Conditions and Government Policy Responses: Chile and Mexico during the Great Recession

Bruno Martorano ()

Innocenti Working Papers

Abstract: Chile and Mexico reacted to the crisis by implementing several policy responses, they achieved different outcomes. In particular, the Chilean economy recovered faster than the Mexican one. However, the main differences are related to social outcomes. On one hand, the Gini coefficient decreased in both countries. On the other hand, both overall and child poverty dropped in Chile while they rose sharply in Mexico. , Chile introduced a stimulus package twice as large the Mexican one. When the financial crisis arrived in late 2008 - Chile and Mexico started from different positions, they generated a different public effort, which in turn led to different economic and social results.

Keywords: cash transfers; economic depression; family policy; social protection (search for similar items in EconPapers)
Pages: 22
Date: 2014
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Citations: View citations in EconPapers (6)

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