Los Resultados Macroeconómicos del Gobierno de Eduardo Frei RT: Una Evaluación Comparativa

Guillermo Le Fort V
Authors registered in the RePEc Author Service: Guillermo Le Fort Varela

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: This study undertakes a balance of the macroeconomic results of the Frei Ruiz-Tagle Administration compared with other Chilean administrations from the last third of the 20th century and with a group of emerging economies. In both comparisons, the Frei RT Administration enjoys among the best results according to the macroeconomic performance indicator constructed. Its principal strengths included control of inflation, economic growth, capital formation and savings, while its relative weaknesses were export growth and the unemployment rate. The results varied over time since contagion from the Asian crisis resulted in a weakening of overall performance. This experience demonstrates that, to prevent contagion from external crises, it is not sufficient to maintain a healthy financial system and low and stable inflation. Vulnerability to contagion can result from an excessive expansion in private expenditure, which presents a pending challenge to develop adequate instruments to confront this.

Date: 2000-10
New Economics Papers: this item is included in nep-ifn and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:81

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