Series: IMF Working Papers
Author(s): Teresa Daban Sanchez
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2011
Keywords: structural balance, resource revenue management, resource curse, accountability, resource-producing countries, fiscal policy, fiscal rule, expenditures, expenditure, Macroeconomic Policy
The cornerstone of Chile's impressive fiscal performance has been its structural balance rule. By insulating public spending from short-term copper price fluctuations and the business cycle, the rule has helped pre...