Anticyclical policies and fiscal stabilization funds: Antecedents, advantages anddisadvantages. A view of the Chilean economy Anticyclical policies and fiscal stabilization funds: Antecedents, advantages anddisadvantages. A view of the Chilean

Anticyclical policies and fiscal stabilization funds: Antecedents, advantages anddisadvantages. A view of the Chilean economy
Anticyclical policies and fiscal stabilization funds: Antecedents, advantages anddisadvantages. A view of the Chilean economy*

Anticyclical policies and fiscal stabilization funds: Antecedents, advantages and
disadvantages. A view of the Chilean economy*

Wally Meza San Martín**

* The present paper gained a special mention in ASIP Annual Prize 2005.

** Degree in Economics, Private Consultant and Postgraduate Professor in the University of Arturo Prat of Santiago City, Chile.
1 Taken, modified and summarized from Marcel, Mario, “The paths of fiscal management in Latin America. Reflections from the Chilean Experience” International Journal of Public Budget, No. 37, year XXV, July-August, 1998.

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