Golden Rules

Fiscal rules can be more effective than monetary policy in offsetting swings in commodity prices. Nevertheless, Chile must return to running a structural surplus.

Authors

  • Carlos García Facultad de Economía y Negocios , Alberto Hurtado University image/svg+xml

    DOI:

    https://doi.org/10.11565/oe.vi50.297

    Keywords:

    Commodities, Monetary policy

    Abstract

    The volatility and the increase in the prices of commodities such as copper, oil, and basic foodstuffs (wheat, corn, rice, and milk, among others) pose major challenges for macroeconomic stabilization. On the one hand, the price of copper is reaching levels never seen before; on the other, oil and food follow similar patterns. Continue reading...

    Downloads

    Download data is not yet available.

    Downloads

    Published

    2011-03-01

    Issue

    No. 50 (2011)

    Section

    Articles

    License

    Copyright (c) 2011 OBSERVATORIO ECONÓMICO

    Creative Commons License

    This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

    How to Cite

    Golden Rules: Fiscal rules can be more effective than monetary policy in offsetting swings in commodity prices. Nevertheless, Chile must return to running a structural surplus. (2011). Observatorio Económico, 50, 4-6. https://doi.org/10.11565/oe.vi50.297

    Most read articles by the same author(s)

    1 2 3 4 5 6 7 8 9 > >>